CoinDCX admits $16M USDT loss days after CEO dismissed hack alerts

Crypto Insight Summary: On October 25, 2026, CoinDCX confirmed that it lost 15.99 million USDT from retired wallets. Before that, on October 22, CEO Sumit Gupta had dismissed the breach warnings as just a possible “false alarm.” The turnaround brings into doubt how the exchange kept track of those wallets and conveyed information to its customers. A sweeping... Crypto Insight Analysis: Direction: Bearish DCX Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Exchange hack undermines user trust, but impact limited to platform reputation.