CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’

What happened

CEO Sumit Gupta had told X users on Wednesday that early reports of a breach sounded like "a false alarm."

Why it matters

The incident may affect operational continuity, asset safety or trust around Security. Watch for verified scope and remediation.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

1. The BlockPrimary source · Supports · EN · 100%
   CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’ ↗Oct 25, 2026, 2:46 PM

Claims

• CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’ Retracted

Conflicts

• CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a ‘false alarm’ · Retracted

Timeline

1. October 25, 2026 at 2:46 PMFirst reported

Market move following event

Market reaction is not yet available for this asset and time window.

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