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An Indian Exchange Lost $16 Million From Wallets It Said It Had Retired. Is It Safe to Leave Crypto on an Exchange?

An Indian Exchange Lost $16 Million From Wallets It Said It Had Retired. Is It Safe to Leave Crypto on an Exchange?

CoinDCX, India’s largest cryptocurrency exchange, said it lost about 15.99 million Tether (CRYPTO: USDT), worth around $16 million, from old wallets that it said were no longer in use after a July 2025 hack. This revelation came just days after CEO Sumit Gupta…

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CoinDCX, India’s largest cryptocurrency exchange, said it lost about 15.99 million Tether (CRYPTO: USDT), worth around $16 million, from old wallets that it said were no longer in use after a July 2025 hack. This revelation came just days after CEO Sumit Gupta dismissed earlier breach reports as “a false alarm.” It raises…

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