CoinDCX Admits $16 Million Loss Just Days After CEO Denies Fresh Wallet Breach CoinDCX has confirmed a loss of $15.99 million USDT due to damage to the wallet's infrastructure related to a previous security incident, despite CEO Sumit Gupta's earlier claims that the wallets were not hacked. The suspicious activity was detected on October 21st, leading to an investigation that uncovered vulnerabilities in an old operational wallet infrastructure. The exchange assured users that active wallets and trading systems remained secure, and deposits to completed addresses were credited to users, while the company absorbed the financial loss.