CoinDCX Denies New Hack After Investigators Flag $16M in Suspicious Outflows

Blockchain investigators flagged roughly $16M in suspicious outflows from addresses linked to CoinDCX, prompting the exchange to deny a new breach of its active wallets. CoinDCX stated the transactions involved "deprecated" deposit addresses that were compromised during a previous $44M hack in July 2025. On-chain investigator ZachXBT challenged the exchange's timeline, providing evidence that at least one compromised address continued to receive deposits and sweep funds into CoinDCX's current hot wallet as recently as May 2026. CoinDCX acknowledged that its internal process for catching and moving deposits from retired addresses temporarily failed, resulting in operational losses that the exchange absorbed after crediting affected users. "Current CoinDCX central and user addresses have not been impacted, and no CoinDCX funds from active wallets have been compromised." — CoinDCX Spokesperson