Blockchain

India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 23/10/2026, 08:10:24 UTC.

Briefings

CoinDCX, an India-based cryptocurrency exchange, denied that its active wallets were compromised following investigation by sleuths who identified $16 million in suspicious outflows from addresses associated with the platform. The finding suggests the funds may have been moved to legitimate destinations rather than being stolen. The incident occurred in October 2026, and the exchange has not yet confirmed the specific nature of the funds or the identity of the individuals involved.

Key points

• CoinDCX denied active wallet compromise after sleuths flagged $16 million in suspicious outflows from addresses linked to the exchange.
• The investigation occurred in October 2026, and the exchange has not yet confirmed the specific nature of the funds or the identity of the individuals involved.

Context

CoinDCX is a prominent Indian cryptocurrency exchange. The investigation involved sleuths who flagged suspicious outflows from addresses linked to the platform, suggesting the funds may have been moved to legitimate destinations rather than being stolen.

Limitations

Evidence is limited to the exchange's denial and the sleuths' flagging of outflows; specific details about the funds, their destination, or the identities of the involved parties are not provided.

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