India's largest exchange denies hack after sleuths pointed to $16 million in suspicious outflows

CoinDCX, an India-based cryptocurrency exchange, denied that its active wallets were hacked after sleuths flagged $16 million in outflows from addresses linked to the company. The flagged movement involved $16 million leaving addresses tied to CoinDCX. The exchange rejected the hack claim and said its active wallets had not been compromised. The claim and denial concerned whether those outflows from linked addresses represented a breach of the company's active wallets.