CoinDCX Denies New Hack, Links $16M Transfers to 2025 Security Breach
Indian crypto exchange CoinDCX has refuted claims of a new hack after $16M in USDT movements were flagged from wallets linked to the platform.
Indian crypto exchange CoinDCX has refuted claims of a new hack after $16M in USDT movements were flagged from wallets linked to the platform. Tether (USDT) is trading at ₹94.52 ($0.9992). This is an original Token Times brief synthesising 2 outlets (BeInCrypto, Crypto.news), with their figures cross-checked, plus live market data, as of Thu, 22 Oct 2026 10:45:02 UTC.
The incident raises concerns about the security of user funds and the exchange's ability to protect against unauthorized transactions, especially given the previous major breach in 2025.
- CoinDCX denies new hack, says flagged wallets compromised in 2025 breach
- $15.99M USDT transfer from flagged wallets under investigation
- Blockchain investigator ZachXBT challenges CoinDCX's explanation
- USDT market cap remains stable at $182.69B despite the incident
BeInCrypto and Crypto.news both report that CoinDCX has denied allegations of a new security breach, claiming that the $15.99 million in USDT transfers originated from wallets compromised in its 2025 hack. However, Crypto.news adds that blockchain investigator ZachXBT has challenged the company's explanation, suggesting potential discrepancies in the official account of the incident.
Indian cryptocurrency exchange CoinDCX has issued a denial regarding claims of a new security breach, after approximately $15.99 million in 
Tether (USDT) was reportedly moved from wallets associated with the platform. The exchange's co-founder, Sumit Gupta, stated that the flagged addresses were compromised during a previous breach in July 2025 and were not part of a new attack.
According to multiple outlets, the incident came to light after blockchain investigator ZachXBT highlighted the suspicious transactions. CoinDCX responded by asserting that the funds in question were taken from the exchange during the 2025 breach and were being moved by the attackers. The exchange has not provided further details on the ongoing investigation into the matter.
The reports have sparked debate within the crypto community, with some questioning the security measures in place at CoinDCX. The exchange has faced scrutiny in the past due to the 2025 breach, which resulted in significant losses for some users. The latest incident has raised concerns about the platform's ability to safeguard user funds and prevent unauthorized transactions.
Despite the controversy, the broader cryptocurrency market has not shown significant reaction to the news. The total crypto market cap remains at $2.81 trillion, with 
Bitcoin experiencing a 1.63% decline over the past 24 hours. Tether (USDT), the stablecoin involved in the flagged transactions, has maintained its value at $0.999217, with only minor fluctuations over the past week.
The incident highlights the ongoing challenges faced by cryptocurrency exchanges in maintaining robust security protocols. As investigations continue, the market will be watching for further developments and any potential impact on user trust and the broader crypto ecosystem.
Since this brief published about 2 hours ago, Tether (USDT) has moved from ₹94.52$0.9992 to ₹94.52$0.9992 — +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 ≈ ₹103.66 (about $0.9992), up 0.0% over 24 hours. The rupee itself trades about 9.7% 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.
1 key figure independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 22, 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 Denies New Hack, Links $16M Transfers to 2025 Securi — questions & answers
What is CoinDCX's response to the hack allegations?
CoinDCX denies a new hack, claiming the flagged wallets were compromised in its 2025 breach.
How much money was reportedly moved from the flagged wallets?
Approximately $15.99 million in USDT was reportedly moved from the flagged wallets.
Who is challenging CoinDCX's explanation?
Blockchain investigator ZachXBT is challenging CoinDCX's explanation of the incident.
How much is 1 Tether worth in rupee today?
About ₹103.66 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.9992. 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 BeInCrypto, Crypto.news, with the key figures cross-checked for agreement across them. 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.