CoinDCX Confirms $15.99M USDT Loss from Legacy Wallet Breach
The Indian crypto exchange admits to a significant loss while maintaining customer funds are secure.
The Indian crypto exchange admits to a significant loss while maintaining customer funds are secure. Tether (USDT) is trading at $0.9991. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Sun, 25 Oct 2026 20:30:04 UTC.
The incident highlights the persistent security challenges faced by crypto exchanges, particularly with legacy systems, and raises concerns about potential vulnerabilities in custodial solutions.
- CoinDCX reports a $15.99M USDT loss from compromised legacy wallets.
- Exchange claims customer funds remain unaffected by the breach.
- Incident occurred despite initial denial of hack claims.
- 213.6M USDT Moves to Bitfinex from Anonymous Wallet
- CoinDCX Denies New Hack, Links $16M Transfers to 2025 Breach
- CoinDCX Confirms $15.99M USDT Loss from Legacy Wallet Breach — this brief
Indian cryptocurrency exchange CoinDCX has acknowledged a loss of $15.99 million USDT, attributing the incident to compromised legacy wallets. This admission comes after the exchange initially denied claims of a hack.
The breach was confirmed by the exchange in a statement, which emphasized that customer funds remain unaffected and secure. The compromised wallets were part of the exchange's legacy infrastructure, suggesting a potential vulnerability in older systems.
The incident was first reported by Crypto.news, which noted that the exchange had previously denied any hacking attempts. The confirmation of the loss raises questions about the security measures in place for legacy systems and the exchange's initial response to the incident.
Despite the significant loss, the broader crypto market remains relatively stable, with the total market cap at $2.77 trillion and 
Bitcoin showing a slight 24-hour increase of 0.07%. 
Tether (USDT), the stablecoin involved in the loss, is currently trading at $0.998998, with minimal 24-hour and 7-day price changes.
The incident underscores the ongoing security challenges faced by crypto exchanges, particularly with regard to older systems and infrastructure. It also highlights the importance of transparency and timely communication in maintaining user trust.
Since this brief published about 6 hours ago, Tether (USDT) has moved from $0.999 to $0.9991 — +0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,378.22 (about $0.9991), down 0.0% over 24 hours. The naira itself trades about 4.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 25, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
CoinDCX Confirms $15.99M USDT Loss from Legacy Wallet Breach — questions & answers
How much did CoinDCX lose in the breach?
CoinDCX reported a loss of $15.99 million USDT due to compromised legacy wallets.
Are customer funds safe?
The exchange confirmed that customer funds remain secure and were not affected by the breach.
What is the current status of the crypto market?
The total crypto market cap is $2.77 trillion, with Bitcoin up 0.07% in the last 24 hours.
How much is 1 Tether worth in naira today?
About ₦1,378.22 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9991. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.