CoinDCX Admits Losses From Old Wallet Deposits, Denies Breach Of Active Wallets

by · Inc42

SUMMARY

  • CoinDCX said it absorbed operational losses after its process for securing deposits sent to discontinued wallet addresses failed
  • The losses expose a gap in CoinDCX’s handling of deposits sent to previously compromised addresses, despite its assurance that active wallets remain secure
  • CoinDCX said all affected users’ deposits were credited and maintained that its active wallets and customer assets were safe