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Monday, October 26, 2026Updated 23:19 UTC

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

Source: Bitcoin News · Oct 26, 2026 19:10 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

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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