A closer look at “CoinDCX Confirms $16 Million USDT Loss, Total Hack Damage Nears $60 Million | Nova Global ”, exactly as the source publishes it. Indian cryptocurrency exchange CoinDCX has confirmed a loss of 15.99 million USDT (approximately $16 million) from wallets that were retired following a $44 million hack last year. The Mumbai-based company acknowledged the breach days after CEO Sumit Gupta reportedly called initial reports a 'false The Mumbai-based company acknowledged the breach days after CEO Sumit Gupta reportedly called initial reports a 'false alarm.'
The combined losses from both incidents now approach $60 million. CoinDCX says it is absorbing the financial hit to protect its users, a move that underscores the growing security challenges facing crypto platforms in India. The incident highlights the risks associated with legacy wallet infrastructure even after security upgrades. For the complete material, the listing points back to the source inside the network.