News linked to both this project and an event.
Onchain Lens posted on X questioning CoinDCX's so-called hack incident, stating that CoinDCX may have undisclosed fund anomalies—user deposits had flowed into a wallet that was not included in the relevant fund accounting, after which nearly equivalent funds were transferred out; some funds were also moved through less common cross-chain bridge entry points and services, indicating abnormal pathways.Onchain Lens further pointed out that some funds suspected to be related to CoinDCX hot wallets flowed through over-the-counter (OTC) services and mixing platforms, and questioned that the CoinDCX team still denied the occurrence of a security incident even after multiple researchers and on-chain investigators presented relevant evidence.
CoinDCX stated that recent claims on platform X regarding certain wallet addresses and transactions are misleading. The related transactions involve legacy wallet addresses created in January 2025 and compromised in July of the same year, which the platform ceased using thereafter. It asserted that recent on-chain activity is unrelated to its operations and that user funds remain secure. In response, on-chain investigator ZachXBT countered that CoinDCX's deposit address TQKJQ remained in use by liquidity providers for approximately 10 months following the July 2025 incident. These addresses continued to receive user deposits and gas fees in April and May 2026, subsequently transferring the funds to CoinDCX's currently disclosed hot wallet. He raised questions over how the CoinDCX team failed to account for the whereabouts of approximately $15.8 million in user deposits.