CoinDCX denies new $16M hack, ties flagged USDT wallets to July 2025 breach

CoinDCX co-founder Sumit Gupta denied a new breach after a security researcher flagged roughly $15.99 million in Tether (USDT) leaving wallets tagged to the exchange. Gupta said the addresses belonged to CoinDCX before its July 2025 hack and were compromised in that earlier attack. The dispute matters to traders because it tests confidence in the Indian exchange's security and disclosure practices, though no new loss is confirmed.