CoinDCX admits Rs 152 crore loss after CEO dismissed breach claims

After denying a breach on October 22, CoinDCX, an India-based cryptocurrency exchange, confirmed three days later that it had lost 15.99 million USDT from a deprecated wallet linked to a previous cyberattack. The Mumbai-based crypto exchange later admitted that its automated sweeping service had failed for a “particular period” due to “unknown vulnerabilities” in its “old, deprecated wallet infrastructure.” Automated sweeping is a process through which the company transfers funds from a deprecat