# Indian Exchange CoinDCX Admits $16M Hit After CEO Dismissed Suspicious Transfers

- Source: Bitcoin News
- Published: 2026-10-26T19:10:27+00:00
- Category: Markets
- Original: https://news.bitcoin.com/security/indian-exchange-coindcx-16m-hit-after-ceo-dismissed-suspicious-transfers/
- Canonical: https://groundlevelnews.com/story/indian-exchange-coindcx-admits-16m-hit-after-ceo-dismissed-suspicious--31584e/

CoinDCX has confirmed a $16 million cryptocurrency loss just three days after its CEO dismissed suspicious wallet activity as a “false alarm.” The Indian exchange acknowledged that deposits had accumulated in compromised, supposedly retired wallets after an automated transfer system failed. CoinDCX says it absorbed the losses and customer balances remain safe, but blockchain investigators […]

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