CoinDCX co-founder Sumit Gupta has disputed reports of a $16 million hack affecting the Indian crypto exchange. Gupta stated that the flagged wallets were compromised back in July 2025 and confirmed that current customer funds remain unaffected. According to Gupta, the identified on-chain transfers do not constitute a new security breach or additional financial loss for the platform or its users. The clarification comes amid circulating alerts regarding potential fund losses tied to older wallet addresses.