CoinDCX admits losses from old wallets
By Abha Lohia ·
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- CoinDCX is an Indian crypto exchange and one of the country's best-known unicorns
- An outside user flagged about $16 million moving out of old deposit wallets, which the exchange first denied and then partly confirmed
- The exchange says its sweep process failed for a period, the losses were absorbed by it, and active wallets and users were unaffected
What happened
- An online user flagged roughly $16 million moved from wallets.
- CoinDCX linked the wallet to last year's $44 million breach.
- Some users kept depositing into deprecated wallets.
- The deposit sweeping step failed for a period.
- CoinDCX absorbed the operational losses.
Why it matters
- Experts raise doubts about security in crypto.
- The firm says no users were affected.
The business
- CoinDCX runs a crypto exchange in India.
The founders
In numbers
$16MFunds flagged · 2026
Other articles talking about it
Terms in this story
- Unicorn: A unicorn is a privately held startup whose investors value it at $1 billion (about ₹8,000 to ₹9,000 crore at recent exchange rates) or more. A soonicorn is one expected to get there soon, and a decacorn is valued at $10 billion or more.
Everything on CoinDCX → · All startup news on 22 October 2026 →
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