CoinDCX Clarifies that old-wallet on-chain activity is unrelated to current operations
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AT A GLANCE
CoinDCX stated that the circulated on-chain activity involves deactivated old wallets, while user funds are safe and operations are normal.
Article
CoinDCX Responding to hacking rumors: User funds are safe; recently circulated wallet transaction information is unrelated to the platform
PANews October 22 reported that the Indian cryptocurrency exchange CoinDCX issued a clarification stating that certain wallet addresses and transaction information recently circulated on X are misleading. User funds are safe, and the platform's trading and investment operations are proceeding as normal.CoinDCX stated that the transactions in question involve a group of old wallet addresses created in 2025 January. These addresses were compromised in 2025 July and have not been used by the platform since then. The reported on-chain activity involves these old addresses and is unrelated to CoinDCX's current operations. The platform also reminded users that they should rely on announcements released through official channels.
PANews October 22 reported CoinDCX's clarification regarding hacking rumors.
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CoinDCX stated that certain wallet addresses and transaction information recently circulated on X are misleading.
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CoinDCX stated that user funds are safe and that the platform's trading and investment operations are proceeding as normal.
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CoinDCX stated that the transactions in question involve old wallet addresses created in 2025 January and compromised in 2025 July.
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CoinDCX stated that the platform has not used these old wallet addresses since they were compromised.
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CoinDCX stated that the reported on-chain activity is unrelated to its current operations.
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CoinDCX reminded users to rely on announcements released through official channels.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Simply put,CoinDCX acknowledged that a group of old wallet addresses had been compromised, but stated that these addresses were later deactivated and that the recently discussed on-chain transactions do not belong to the platform's current operations. The safety of user funds and normal operations are both statements made by CoinDCX.
Why it matters to readers
This response directly concerns whether users need to worry that the old-wallet security incident could affect the platform's current funds and operations, but the available materials can only confirm that CoinDCX issued a clarification and cannot independently verify its claims.
If you are a CoinDCX user, you should distinguish between “old addresses were previously compromised” and “current user funds were affected.” The original text provides only the platform's response and is insufficient to independently prove the current status of funds.
Risks and unknowns
The materials do not provide the relevant old wallet addresses, making it impossible to verify their ownership and on-chain activity.
Details of the old-wallet compromise, losses, and remediation have not been disclosed.
The safety of user funds, deactivation of the relevant addresses, and normal operations have not been verified by independent evidence.
The specific content and basis of the hacking rumors are not explained in the materials.
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Related concepts
Wallet Address
The destination information that must be verified when receiving or sending cryptocurrency; transfers are generally irreversible if it is entered incorrectly.
