CoinDCX denies second hack claims as ZachXBT questions wallet activity

Indian cryptocurrency exchange CoinDCX has denied allegations of a new security breach involving nearly $16 million in cryptocurrency transfers, although blockchain investigator ZachXBT has challenged the company’s explanation of the suspicious wallet activity. Summary CoinDCX has denied allegations of a new $15.8 million crypto hack and maintained that customer funds remain safe. Blockchain investigator ZachXBT questioned the exchange’s explanation, claiming that compromised deposit addresses continued handling funds after the July 2025 breach. The dispute followed allegations of suspicious USDT and TRX transfers, although no new security breach or customer losses have been independently confirmed. CoinDCX CEO Sumit Gupta said the addresses were compromised during last year’s hack and that the exchange was investigating the latest claims. CoinDCX said in an October 22 statement that claims circulating on X were misleading because the transactions involved wallet addresses created in January 2025 and compromised during its July 2025 security incident. The exchange maintained that customer funds remained safe and that the addresses identified in the latest allegations were no longer...