Topic Archive

#Sumit Gupta

2 Stories Found

Coins•Oct 25, 2026

CoinDCX Admits $16M Loss Just Days After CEO Denied Fresh Wallet Breach

Key Highlights CoinDCX confirmed a loss of 15.99 million USDT linked to old, deprecated operational wallet infrastructure with previously undetected vulnerabilities. An automated sweeping mechanism failed to move incoming user funds into current secure storage, allowing user deposits to gather in the obsolete wallet. CoinDCX absorbed the entire loss, affirming that customer accounts, live trading ...

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Coins•Oct 23, 2026

India’s Largest Exchange Denies Hack Following $16 Million in Suspicious Outflows

Key Highlights: Suspicious on-chain outflows from CoinDCX sparked theft allegations after millions in USDT, including a single transfer of 15,819,002 $USDT, were consolidated into a Tron address. CoinDCX CEO Sumit Gupta dismissed the incident as a “false alarm,” stating that attackers from a prior $44 million July 2025 exploit are reusing abandoned exchange addresses. Independent ...

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