CoinDCX: Fund Sweeping Process for Expired Deposit Addresses Failed, Platform Bears Related Operational Losses

Odaily: Indian crypto exchange CoinDCX has released an update on the on-chain activity of the TQKJQ wallet, stating that following the July 2025 security incident, some previously generated deposit addresses were compromised and deactivated, yet some users continued to transfer crypto assets to these expired addresses. The platform would normally periodically sweep such funds for accounting and safekeeping purposes, but the relevant process failed for a period of time and was discovered this morning, resulting in certain operational losses for the platform, which CoinDCX will bear.

CoinDCX stated that despite users depositing to expired addresses, the accounts of affected users have all been credited accordingly. The platform said user funds remain safe, customer assets continue to be held in separate cold wallets, the active addresses currently used by the platform and users are unaffected, and platform funds in active wallets have not been compromised. Currently, the CoinDCX platform and all trading activities are operating normally. The platform reminds users to verify the latest deposit addresses through the official app or website to avoid transferring funds to deactivated addresses.