CoinDCX Refutes Fresh Data Leak Claims Amid Ongoing Scrutiny
Indian crypto exchange CoinDCX dismissed reports of a new data breach after experts spotted unusual transfers; however, investigators have questioned the exchange’s claim that it stopped using the involved wallets following a hack in July 2025.
CoinDCX firmly denied new security incidents and emphasized its commitment to safeguarding user funds.
The suspicious activity traced back to old wallets created in January 2025, which the exchange said were compromised in the July 2025 breach and have not been accessed by CoinDCX since, according to a statement on X made Thursday.
Blockchain analyst ZachXBT disputed the exchange’s account, revealing that a CoinDCX deposit address was still active under a liquidity provider’s control for 10 months after the July incident. He pointed out that this address continued moving user funds to CoinDCX’s current hot wallet and also received funds to cover transaction costs.
Sumit Gupta, CEO of CoinDCX, responded: “We are aware of these findings and are conducting a thorough investigation. We will provide updates soon and assure that no users will lose any funds.”
Earlier that day, Darcy, co-founder of asset recovery firm FlashRescue, highlighted approximately $16 million transferred from wallets marked as CoinDCX’s.
Darcy additionally noted that two addresses cited in CoinDCX’s latest proof of reserves report moved funds to the suspicious Tron-linked wallet.
In July of the previous year, CoinDCX experienced a hack that resulted in a $44 million loss. At that time, the exchange declared that customer wallets were segregated from the compromised account and pledged to compensate for the losses from its own reserves.
CoinDCX had not replied to Cointelegraph’s request for comment by the time of publication.
Why it matters
This ongoing investigation into wallet activity post-breach is critical for assessing CoinDCX’s security measures and user fund safety.
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