CoinDCX: about 16M USDT left old deposit addresses; the exchange absorbed the loss
Update
CoinDCX confirms a 15.99M USDT loss and says it absorbed it
99 million USDT from an old wallet that was compromised in the July 2025 incident. An automatic sweep failed, so new deposits piled up there.
The company says it absorbed the loss, credited affected users, and that current wallets were not compromised. Tether's freeze of 2,212,850 USDT still stands.
No exchange freeze of the funds that reached OKX, Binance, and Gate has been reported.
Update
Tether froze about 2.2M USDT of the outflow
23 Oct: Bitquery says Tether froze 2,212,850 USDT across nine TRON wallets, about 31 hours after the main transfer. 99M USDT that left. 63M had already reached OKX, Binance, and Gate.
CoinDCX has still not published a loss figure.
99M USDT and 5,784 TRX left TRON addresses labelled as CoinDCX. 8M USDT. CoinDCX first said these were old addresses from its July 2025 hack and unused since.
Later the same day it said its process for sweeping deposits from those addresses had failed, and that it absorbed the operational loss. It says affected deposits were credited to users and that current wallets were not compromised.
CoinDCX has not published a dollar figure. 63M reached OKX, Binance, and Gate within 18 hours, per Bitquery. Research snapshot from CoinDCX, Cointelegraph, and Bitquery.
369 take
Copy a fresh deposit address from the exchange app every time. An address saved from months ago can still be live in the attacker's hands. 99M USDT and absorbed that loss. 2M USDT of what left.
Sources