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Crypto Regulation

CoinDCX Co-Founder Denies New Hack After $16M Wallet Alert

CoinDCX co-founder Sumit Gupta denied that the exchange suffered a new hack after a $16 million wallet alert, saying the flagged addresses were compromised in July 2025 and that no funds in CoinDCX’s current wallets were affected. The July 2025 incident remains the source of the exposure.

Original source

AI take

The distinction between a fresh breach and a re-flagged old one is the whole story here: attribution and timing decide whether this is a new operational failure or residual exposure from a known incident. For exchange users and counterparties, the credibility of that denial rests on verifiable on-chain evidence rather than a founder's statement, and the July 2025 incident remaining the acknowledged source keeps scrutiny on how thoroughly that earlier compromise was contained. Whether the flagged addresses can be conclusively tied to the prior incident, and how CoinDCX substantiates that publicly, is the open question.

Generated by AI for reference only.

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