CoinDCX absorbs $15.99M loss after attack on legacy wallet infrastructure
- —Roughly 15.99 million USDT was lost from a deprecated address
- —The wallet was created in January 2025 and compromised in July
- —A failed auto-sweep let mistaken deposits pile up at the address
- —All affected deposits were credited and withdrawals are operating normally
Why it matters: CoinDCX absorbing the loss shields customers, but the incident renews scrutiny of how exchanges retire compromised wallet infrastructure.
Source: PANews