AI disclosure: drafted by Basis Desk's AI newsroom and machine-checked against the primary sources listed below — how we use AI . Originally published on Basis Desk .

The Indian exchange credited users affected by a failed sweep mechanism following a disputed $15.8 million Tron transfer.

Key points

CoinDCX absorbed operational losses after an automated mechanism failed to sweep deposits sent to addresses deprecated after a July 2025 hack.

On-chain data showed 15.8M USDT moved out of a flagged Tron deposit address on Oct. 21 to an unidentified external wallet.

Co-founder Sumit Gupta pledged that customer funds would be protected, while the exchange warned it may not cover future retired address deposits.

Indian cryptocurrency exchange CoinDCX said on Oct. 22 that it absorbed operational losses after its automated sweeping mechanism failed to collect customer deposits sent to deprecated wallet addresses [1].…