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Tether freezes 9 addresses linked to the CoinDCX security incident, involving 2.21 million USDT.

Kucoin • October 25, 2026

ChainCatcher report: According to Salus monitoring, Tether has blacklisted nine addresses linked to the CoinDCX security incident, freezing 2,212,850.3 USDT. The investigation began after investigator Darcy identified an unusual transfer of approximately 15.99 million USDT. Initially, CoinDCX co-founder Sumit Gupta claimed no security breach had occurred. Subsequently, Salus raised questions based on transfer patterns from “proof-of-reserves” addresses and TRX distribution behavior, prompting relevant parties to respond and providing Tether with verifiable on-chain evidence that enabled it to take action.

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Tether Freezes 2.21M USDT Linked to CoinDCX Security Incident Tether has frozen 2,212,850.3 USDT across nine addresses associated with a security incident involving CoinDCX. This action followed the detection of approximately 15.99 million USDT in unusual transfers, prompting an investigation. CoinDCX's co-founder initially denied any security breach, but further scrutiny raised questions about transfer patterns from 'proof-of-reserves' addresses. The investigation was led by Salus monitoring, which provided Tether with verifiable on-chain evidence. The incident underscores ongoing concerns regarding cryptocurrency security and transaction monitoring. 3 sources 25

Extracted Entities

Companies (2)

CoinDCX Tether