NewsSignals AI analysis·Omkar Godbole·Oct 23, 2026

India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows

Grade Bbearish AI signal$USDT$TRX

CoinDCX denies a fresh hack after blockchain investigators flagged approximately $16 million in suspicious crypto outflows, saying its active wallets and customer funds remain unaffected. The exchange attributes the transactions to compromised deposit addresses from its July 2025 breach, while investigator ZachXBT disputes claims that at least one address was abandoned, citing activity as recently as April and May 2026. The dispute could intensify scrutiny of CoinDCX's wallet security and potentially weigh on confidence in centralized crypto exchanges.

Bullish strength: 40/100

CoinDCX says current central and user addresses remain unaffected.
The exchange says all affected users were credited and trading continues as usual.

Bearish strength: 60/100

Approximately $16 million in USDT and TRX moved from wallets linked to CoinDCX.
ZachXBT disputes the exchange's claim that at least one flagged deposit address was abandoned.
The exchange previously suffered an approximately $44 million exploit in July 2025.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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