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CoinDCX Confirms Wallet-Sweeping Losses, Says Affected Deposits Credited

CoinDCX has acknowledged wallet-sweeping losses after previously denying a new breach, saying affected deposits have been credited back to users. The Indian exchange did not disclose the size of its losses. The incident follows a prior breach that CoinDCX had denied, and the exchange has not said how much was drained or which wallets were affected.

Original source

AI take

The reversal matters more than the loss itself: CoinDCX first denied a breach, then confirmed wallet-sweeping losses, and still has not disclosed the size or scope. That gap leaves users and counterparties unable to judge whether credited deposits reflect a contained incident or a broader exposure, and it puts pressure on the exchange's disclosure credibility after a prior denied breach. The open question is whether CoinDCX provides loss figures and wallet details, and whether Indian exchange users and regulators treat the silence as a governance issue rather than a one-off operational hiccup.

Generated by AI for reference only.

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