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India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

Decrypt·October 26, 2026·1 min read
India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

India's CoinDCX confirmed a $16 million loss after 15.99 million USDT was drained from wallets it retired following last year's $44 million hack, bringing combined losses to nearly $60 million. The Mumbai-based exchange is absorbing the hit, days after its CEO called the incident a 'false alarm'.

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