India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

CoinDCX, a Mumbai-based exchange, confirmed that 15.99 million USDT was drained from wallets it had retired after a $44 million hack last year. The newly confirmed loss brings the exchange’s combined losses from the two incidents to nearly $60 million. The Mumbai-based exchange said it is absorbing the financial hit from the drained funds. The affected wallets had been taken out of use by the exchange following the earlier breach.