CoinDCX Confirms $15.99M Loss from Legacy Wallet Breach
The Indian crypto exchange admits to a significant loss while maintaining customer funds are secure.
The Indian crypto exchange admits to a significant loss while maintaining customer funds are secure. Tether (USDT) is trading at ₹94.91 ($0.999). This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Sun, 25 Oct 2026 21:15:01 UTC.
The incident highlights the persistent security challenges faced by crypto exchanges, particularly with legacy systems, despite assurances of customer fund safety.
- CoinDCX reports a $15.99M loss from compromised legacy wallets.
- Exchange claims customer funds and accounts remain unaffected.
- USDT market cap remains stable at $182.4B despite the incident.
- CoinDCX Denies New Hack, Links $16M Transfers to 2025 Security Breach
- CoinDCX Confirms $15.99M Loss from Legacy Wallet Breach — this brief
Indian cryptocurrency exchange CoinDCX has acknowledged a loss of $15.99 million USDT following a security breach in its legacy wallets. This admission comes after the exchange initially denied claims of a hack.
The compromised wallets were part of the exchange's older infrastructure, which may have contributed to the security lapse. Despite the significant loss, CoinDCX has assured its users that their funds and accounts remain secure and unaffected by the incident.
The breach was first reported by Crypto.news, with no other outlets currently corroborating the details. The exchange's initial denial of the hack, followed by the confirmation of the loss, raises questions about the transparency and security measures of crypto platforms.
In the broader market context, the total crypto market cap stands at $2.77 trillion, with 
Bitcoin showing a slight 24-hour increase of 0.07%. The Fear & Greed Index remains at 54, indicating a neutral market sentiment. 
Tether (USDT), the stablecoin involved in the loss, has seen minimal price movement, currently trading at $0.998998.
The incident underscores the ongoing challenges of securing digital assets, particularly with older systems that may not be as robust as current security standards. As the investigation continues, the market will be watching for further developments and any potential impact on user trust.
Since this brief published about 6 hours ago, Tether (USDT) has moved from ₹94.91$0.999 to ₹94.91$0.999 — +0.00%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₹101.72 (about $0.999), down 0.0% over 24 hours. The rupee itself trades about 7.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
CoinDCX Confirms $15.99M Loss from Legacy Wallet Breach — questions & answers
What is the extent of the loss reported by CoinDCX?
CoinDCX reported a loss of $15.99 million USDT due to a breach in its legacy wallets.
Are customer funds affected by the CoinDCX breach?
CoinDCX has assured customers that their funds and accounts remain secure and unaffected.
How has the market reacted to the CoinDCX incident?
The broader crypto market has remained relatively stable, with minimal impact on Tether's price and market cap.
How much is 1 Tether worth in rupee today?
About ₹101.72 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.999. The rupee price moves with both USDT's US-dollar price and the USDT/INR rate; use our Tether in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.