# ZachXBT Urges CoinDCX Users to Withdraw All Funds After About $16 Million Loss

By Simon Yoon

Canonical URL: https://www.tokenpost.com/news/technology/38624
Published: 2026-10-23T03:10:35.000Z
Updated: 2026-10-23T03:10:35.000Z
Section: Technology

> He criticized the exchange’s co-founders for denying the theft in public and private communications before its disclosure.

Blockchain investigator ZachXBT urged users of Indian crypto exchange CoinDCX to withdraw all funds after the company disclosed a theft involving about $16 million. He criticized the exchange’s co-founders for earlier denials and delayed disclosure.

ZachXBT said the founders had denied that assets were stolen in public and private communications before CoinDCX disclosed the loss. He faulted the exchange for not informing the public sooner.

He also included WazirX and BitBNS in his criticism of Indian centralized exchanges.