CoinDCX confirms losses after sweep failure on compromised old wallets, says active addresses remain safe
New Delhi, Oct. 24 -- Crypto exchange CoinDCX has acknowledged operational losses after a process intended to secure deposits sent to old, compromised wallet addresses failed. The company has simultaneously denied any breach of its active wallets, stating that customer funds in current addresses remain secure.
In a post on X, CoinDCX explained that some users continued depositing crypto into addresses that were compromised during the July 2025 security incident. This happened even after the exchange had notified users to switch to updated addresses available on its app and website.
CoinDCX said it regularly "sweeps" deposits sent to these discontinued addresses, moving the funds so they can be accounted for and secured. However, this pr...
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