CoinDCX Admits Losses After M Wallet Transfers Draw Scrutiny

Update (Oct. 22, 12:32 pm UTC): This article has been expanded and its headline updated following CoinDCX’s admission of operational losses and its further explanation of the flagged wallet activity.Indian cryptocurrency exchange CoinDCX admitted losses from a failure to move deposits out of previously compromised wallets after investigators challenged its explanation for about $16 million in suspicious transfers.In a statement posted on X Thursday after this article’s initial publication, CoinDCX said some users continued depositing…

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