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CoinDCX Says Customer Funds Are Safe After 15.99 Million USDT Transfers

The exchange said the wallets were created in January 2025 and were no longer used after a July compromise.

By Simon Yoon
Published
Mentioned assets
A phone screen shows one outgoing transfer splitting into blank destination blocks / TokenPost.ai
A phone screen shows one outgoing transfer splitting into blank destination blocks / TokenPost.ai

CoinDCX said customer funds remain safe after about 15.99 million Tether (USDT) and 5,783.81 TRON (TRX) moved from its hot wallet and deposit addresses to a TRON address on Oct. 21.

The exchange said the activity involved wallet addresses created in January 2025. It said the addresses were no longer in use after being compromised in July 2025 and that activity involving them was unrelated to its current operations. CoinDCX described claims circulating on X about the wallets and transfers as misleading and said its trading and investment businesses continued normally.

The largest transfer was 15,819,002 USDT. The funds were then split across multiple transfers to deposit addresses at Binance, OKX and Gate.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

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