According to CoinDesk, India’s largest cryptocurrency exchange, CoinDCX, has denied that its active wallets were hacked. The exchange responded after blockchain analysts identified suspicious outflows totaling $16 million from addresses associated with CoinDCX.
Analysts flagged the outflows during an investigation of recent transactions linked to the exchange’s wallet addresses. CoinDCX stated in a brief release that no unauthorized access occurred and that all wallets remained under normal operational control. The exchange did not provide further technical details about the investigation or the nature of the flagged activity.
The disclosure follows the analysts’ public reporting of the $16 million figure, which prompted media inquiries. CoinDCX emphasized that routine monitoring continues and that it will cooperate with any official review. No additional parties were mentioned in the exchange’s statement.
