Signs point to $16M theft at Indian exchange CoinDCX

About 16 million USDT appears to have been stolen from Indian cryptocurrency exchange CoinDCX, according to Darcy, co-founder of blockchain security firm Salus, who posted the claim on X. The theft appears to have occurred around midnight on Oct. 22, and the funds were deposited to Binance, OKX and Gate, Darcy said.