CoinDCX Incurs Operational Losses Over Old Wallet Address Deposit Sweep Failure

23 Oct 2026, 12:52 pm · 3h ago · 1 min read · Inc42New

Crypto exchange CoinDCX acknowledged operational losses resulting from a technical failure in sweeping funds deposited into old, compromised wallet addresses. The issue arose because some users continued sending deposits to addresses affected during a July 2025 security incident, despite notifications advising them to use updated addresses. CoinDCX stated it absorbed all resulting losses and fully credited affected users' accounts. It denied any breach of active wallets, confirming that current user wallets and central cold storage holding customer assets remain unaffected. Trading activities on the exchange continue as usual.