India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

Bearish0.00%
26 Oct, 16:36
Source: Decrypt

AI Summary

CoinDCX confirms an additional $16 million USDT drain from retired wallets, bringing its total post-hack losses to nearly $60 million as the exchange absorbs the financial hit.

The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.