CoinDCX Will Absorb $16 Million Loss Tied to Failed Fund Sweep

CoinDCX will absorb a $16 million loss after a failed fund sweep left customer deposits in a wallet hacked in July 2025, the India-based cryptocurrency exchange confirmed. CoinDCX said funds belonging to active users remain safe.

The loss is tied to the exchange’s sweeping process, which was intended to move customer deposits out of the wallet. That transfer did not occur, leaving the deposits there when the wallet was hacked in July 2025. CoinDCX said it would bear the loss itself.

The confirmed amount is $16 million. The funds at issue were customer deposits that had not been moved from the affected wallet. CoinDCX said funds held by active users remain safe.

A sweep is a transfer meant to move deposits out of a wallet. In this case, that transfer failed, leaving customer deposits in the wallet that was hacked in July 2025. CoinDCX said it would absorb the resulting loss itself.