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CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’

The Block·October 25, 2026·1 min read
CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’

CoinDCX confirmed a $16 million loss from retired wallets, days after CEO Sumit Gupta called early breach reports a 'false alarm' on X. The exchange's admission underscores the severity of the incident, which initially appeared to be a minor issue but resulted in significant financial damage.

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