# CoinDCX Admits $15.99 Million USDT Loss From Retired Wallets After Chief Executive Called Reports a False Alarm

The Indian exchange said a failure in its automated deposit-sweep service left customer deposits on decommissioned addresses, and the company will absorb the loss.

- Published: 2026-10-26T05:45:33.692Z
- Canonical: https://polylog.news/crypto/2026-10-26/coindcx-admits-15-99-million-usdt-loss-from-retired-wallets
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/coindcx-confirms-15-99m-loss-old-wallets/), [The Block](https://www.theblock.co/news/business/2026-10-25-coindcx-confirms-16-million-loss-from-retired-wallets-days-after-ceo-called-breach-reports-a-false-alarm-431617), [The Crypto Times](https://www.cryptotimes.io/2026/10/25/coindcx-admits-deposit-sweep-failure-after-16m-usdt-drained-from-tron-wallets/), [KuCoin News](https://www.kucoin.com/news/flash/coindcx-confirms-15-99m-usdt-loss-from-old-wallet-infrastructure-attack)

CoinDCX, one of India's largest crypto exchanges, confirmed a loss of 15.99 million USDT tied to legacy wallet infrastructure, days after it denied a fresh breach. The Block reports that chief executive Sumit Gupta had told users on X that…

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