CoinDCX Denies $16 Million Hack, Tracing Flagged Wallets to Its 2025 Breach

Crypto Insight Summary: CoinDCX co-founder Sumit Gupta has denied a fresh breach at the Indian crypto exchange. A security researcher had flagged about $15.99 million in Tether (USDT) moving out of wallets tagged to the platform. Gupta said the addresses belonged to CoinDCX before its July 2025 hack and were compromised in that attack. He described the latest Crypto Insight Analysis: Direction: Bearish COINDCX Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Security concerns may deter users, but platform's denial limits immediate damage.