TREE NEWS update: CoinDCX said a routine sweep of deposits landing on addresses it deprecated after its July 2025 hack broke down, and that it absorbed the resulting losses and credited affected users. The Indian exchange did not disclose the size of the losses or the number of users affected.
CoinDCX Absorbs Losses, Credits Users After Failed Sweep of Hacked Deposit Addresses
AI take
The operational detail is the real story here: deprecated deposit addresses from a prior hack remained live enough to attract funds, and the sweep meant to recover them failed. That points to a lingering infrastructure problem rather than a one-off incident, and it lands on users who deposited in good faith to addresses the exchange itself had retired. CoinDCX covering the shortfall protects balances but leaves the scale of the exposure unknown. Whether the exchange discloses loss figures or explains why the sweep failed is the open question.
Generated by AI for reference only.
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