India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.
What happened
The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 million—and it’s absorbing the hit.
Why it matters
The incident may affect operational continuity, asset safety or trust around Tether. Watch for verified scope and remediation.
Affected entities
Tether · USDTDown
View evidence
1 reports · 1 original report · 1 independent
- DecryptPrimary source · Supports · EN · 100%India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’ ↗
Claims
- India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’ Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
Market reaction is not yet available for this asset and time window.
Score explanation
Confidence · formula confidence-2.1.0
Source trust65
Independent corroboration51
Primary evidence35
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude96
Market relevance74
Entity significance82
Market breadth54
Novelty68
Urgency96
capital magnitude100
Ranking · formula rank-1.0.0
Confidence factor0.82
Freshness factor0.9996
Breaking bonus8