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Hacks & Security Unverified First seen

CoinDCX confirms $16 million loss from retired wallets after CEO dismissed breach reports

CoinDCX confirmed a $16 million loss tied to retired wallets, according to The Block. The report notes that CEO Sumit Gupta had told X users days earlier that early breach reports sounded like "a false alarm."

Why “Unverified”

  • Reported by The Block alone, with no second source or primary confirmation yet

1 independent source group across 1 post · evidence score 60/100. How labels work

What the sources claim

  1. CoinDCX confirmed a $16 million loss from retired wallets.

    “CoinDCX confirms $16 million loss from retired wallets”
    The Block

  2. CEO Sumit Gupta had told X users that early breach reports sounded like a false alarm.

    “early reports of a breach sounded like "a false alarm."”
    The Block

Sources

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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-25 18:50 UTC. Labels are computed from the sources, not by the model.