India's largest crypto exchange CoinDCX has absorbed a $16 million loss after an internal process failed to move customer deposits out of a retired wallet. The Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm last week. CoinDCX stated that some users mistakenly continued to deposit funds into deprecated addresses after a July 2025 hack, and a secondary sweeping service failed to move these funds to primary wallets, leading to the loss. The exchange confirmed that all user funds remain safe in secure, segregated cold wallets.