EconomyCoinDCX’s $16 million loss revives uneasy memories of FTX and Celsius
CoinDCX confirmed a loss of about $16 million in USDT, three days after CEO Sumit Gupta dismissed reports of a new wallet breach as a false alarm. The company had acknowledged unspecified operational losses from a failed sweeping process on the afternoon of Oct. 22, making the reversal unfold in two steps.
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CryptoSlate★★☆☆☆2026-10-27 10:00Original
CoinDCX’s $16 million loss revives uneasy memories of FTX and Celsius
Economy