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Crypto Regulation

CoinDCX Denies Hack Rumors, Says User Funds Safe

CoinDCX said user funds are safe and that wallet addresses and transaction data circulating on X are misleading, in a statement on Oct. 22. The Indian exchange said the activity involves old wallet addresses created in January 2025 and compromised in July 2025, after which the platform stopped using them. It said the reported on-chain activity is unrelated to its current operations and urged users to rely on official announcements.

Original source

AI take

The exchange's defense rests on a timeline claim — addresses retired after a July compromise — rather than on fresh on-chain proof, which is exactly the gap skeptics will probe. For Indian crypto users, the episode matters less as a hack story than as a test of how quickly a domestic platform can substantiate a denial when wallet data spreads on social media. Whether CoinDCX publishes verifiable evidence tying the flagged addresses to its retired infrastructure, and whether the circulated data holds up under independent scrutiny, is the open question.

Generated by AI for reference only.

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