ZachXBT accuses CoinDCX of losing $16 million in client funds
- —About 15.99 million USDT left CoinDCX hot and deposit addresses
- —The largest single transfer was 15.82 million USDT on TRON
- —Funds were later routed to deposit addresses at Binance, OKX and Gate
- —CoinDCX admitted its sweep mechanism for unsafe addresses failed
Why it matters: The allegation raises doubts about custody safety at the Indian exchange and could accelerate client withdrawals.
Source: CoinSpot