CoinDCX Acknowledges $16 Million USDT Loss After Hack

India's CoinDCX has acknowledged a $16 million loss from outdated wallets following a hack. Investigators have traced the funds to OKX, Binance, and Gate, and $2.21 million in Tether has been frozen.

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• CoinDesk described the cause of the loss as a failure in an internal process linked to a retired wallet.

  «absorbs $16 million loss from internal process failure tied to retired wallet»

  CoinDesk
• Investigators are tracing the funds to OKX, Binance, and Gate.

  «أقرت CoinDCX بخسارة قدرها 16 مليون دولار من المحافظ المتقادمة بينما تتبع المحققون الأموال إلى OKX وBinance وGate»

  Cryptopolitan
• $2.21 million in stolen funds has been frozen in Tether.

  «بينما يتتبع المحققون الأموال إلى منصات OKX وBinance وGate، مع تجميد تيثر لمبلغ 2.21 مليون دولار»

  Cryptopolitan
• Subheadings indicated that the CEO ignored hack warnings days earlier.

  «بعد أيام من تجاهل الرئيس التنفيذي تحذيرات الاختراق»

  Cryptopolitan

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