CoinDCX’s $16 million loss revives uncomfortable memories of FTX and Celsius

T2Covered by 1 source · first reported by The Defiant / DL News / Protos / CryptoSlate at 27 Oct, 10:00 UTC

CoinDCX confirmed a loss of roughly $16 million USDT three days after its CEO, Sumit Gupta, disputed reports of a new wallet breach, calling them a false alarm. It had acknowledged unspecified operational losses from a failed sweeping process on the afternoon of Oct. 22, so the reversal came in two…