India’s Largest Crypto Exchange Absorbs $16M Loss After Retired Wallet Process Failure
Key Highlights Indian crypto exchange CoinDCX absorbed a $15.99 million USDT loss linked to an outdated, deprecated operational wallet infrastructure. The issue arose after users continued sending deposits to legacy addresses retired following a security incident reported on July 19, 2025, triggering an automated sweeping failure. CoinDCX confirmed that all customer crypto balances remain fully ...