CoinDCX denies hack after reports of $16 million in USDT transfers

CoinDCX, India's largest crypto exchange, denied claims that it was hacked after reports surfaced of $16 million in USDT transfers. The exchange's rejection of the hack allegations comes amid heightened scrutiny of exchange security and user trust. Traders will watch for on-chain confirmation of the transfers and any signs of customer withdrawals, since unresolved security questions at a top exchange can weigh on confidence.