CoinDCX Absorbs $16M Loss After Automated Wallet Sweeping Fails
- —Sweeping service failure led to a 15.99 million USDT loss
- —The address was compromised in a July 2025 hack worth about $44 million
- —Users kept sending deposits to the retired address
- —CoinDCX will absorb the loss; customer funds sit in cold wallets
Why it matters: The incident shows retired, compromised addresses remain a risk for exchanges long after they are pulled from infrastructure.
Source: Crypto Economy