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CoinDCX stories

Oct 22, 2026

Tether blacklists USDT wallets linked to CoinDCX outflows after failed deposit sweep

Tether froze approximately $2.2 million in USDT linked to CoinDCX after the Indian exchange acknowledged losses from a failed process for securing deposits to retired addresses following its July 2025 hack.

Oct 22, 2026·2 sources

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Top claims

▪On-chain investigator ZachXBT alleged on October 22, 2026, that a CoinDCX-linked address TQKJQ swept user deposits into CoinDCX active hot wallet in April and May 2026, leaving $15.8 million unaccounted for
▪CoinDCX co-founder Sumit Gupta assured users on October 22, 2026, that no customer funds would be lost, confirming active customer assets sit in segregated cold wallets
▪CoinDCX credited user accounts that sent deposits to deprecated wallet addresses following CoinDCX's July 2025 breach and absorbed the resulting operational losses

Topics

Crypto security Crypto hacks Crypto exchanges Exchange & custodial failures Stablecoins Crypto custody

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