The Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm. It now says it lost $16 million and will absorb the loss. CoinDCX said it absorbed a $15.99 million loss after a service failed to move customer deposits from a retired wallet compromised in a 2025 security breach. The exchange initially dismissed reports of suspicious outflows but later acknowledged that users had continued sending funds to the deprecated addresses. CoinDCX said customers’ balances,…
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