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ZachXBT urges users to withdraw funds from CoinDCX

NewsFeeds update

ZachXBT told users to pull all funds from Indian exchange CoinDCX, saying its co-founders denied any theft before it disclosed an incident in which about $16m was stolen. He called the co-founders 'a bunch of clowns' and also criticised WazirX and BitBNS.

AltcoinsPANewsAIBearish

Read the original on PANews

The story so far: CoinDCX July 2025 hack dispute

ZachXBT said CoinDCX's deposit address kept consolidating user deposits long after the July 2025 incident, with about $15.8m untracked; CoinDCX called the claims misleading and said user funds are safe. ZachXBT now urges users to withdraw all funds from CoinDCX, criticising its co-founders' earlier denials of theft.

  1. ZachXBT says $15.8m of CoinDCX user deposits untracked

    ZachXBT says CoinDCX's deposit address TQKJQ was still used by a liquidity provider for 10 months after the July 2025 incident and was consolidating user deposits into its hot wallet as late as April and May 2026. CoinDCX says user funds are safe and the claims misleading.

    AltcoinsPANewsAIBearish

  2. CoinDCX denies hack allegations over wallet stolen in July 2025

    CoinDCX denied recent hack allegations, saying the on-chain activity was tied to a wallet stolen in a July 2025 hack and is no longer connected to the exchange. Salus co-founder Darcy had said CoinDCX appeared to have lost about $16m in USDT.

    StablecoinsCoinNessAIBearish

  3. CoinDCX says user funds safe after hacking rumours

    Indian exchange CoinDCX says user funds are safe and that recently circulated wallet transactions involve old addresses compromised in July 2025 and unused since, unrelated to its current business.

    AltcoinsPANewsAIBullish

  4. CoinDCX says consolidation of expired deposit addresses failed, platform bears losses

    CoinDCX says some deposit addresses compromised in its July 2025 security incident were disabled, but users kept sending assets to them. A consolidation process for those funds failed for a period and was found this morning, causing operational losses the exchange will bear.

    AltcoinsPANewsAIBearish

  5. Onchain Lens questions CoinDCX account of security incident

    Onchain Lens says CoinDCX may have undisclosed fund anomalies, with user deposits flowing into a wallet left out of its accounting before a near-equal amount was moved out. It says some funds linked to CoinDCX's hot wallet passed through OTC services and mixing platforms, and questions the team's denial of a security incident.

    AltcoinsOdailyAIBearish

  6. ZachXBT urges users to withdraw funds from CoinDCX

    ZachXBT told users to pull all funds from Indian exchange CoinDCX, saying its co-founders denied any theft before it disclosed an incident in which about $16m was stolen. He called the co-founders 'a bunch of clowns' and also criticised WazirX and BitBNS.

    AltcoinsPANewsAIBearish

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.