CoinDCX Admits $16 Million Loss From Retired Wallets

CoinDCX confirmed a $16 million wallet loss, Korean exchanges flagged Initia's token after its exploit, and Coinbase set an October 30 deadline to convert European stablecoin balances.

Moves

A quiet week on the record: the CryptoLately.com Desk verified zero individually sourced moves in this window.

Events

Oct 26
Bithumb and Upbit flag Initia's token after exploit
Initia
South Korea's two largest exchanges restrict trading in Initia's token, citing an ongoing security incident.
PolicyconfirmedOct 26, 2026Blockchain Reporter: Bithumb, Upbit Flag Initia After $2.7M Exploit
Oct 26
Coinbase to convert 14 European stablecoins under MiCA
Coinbase
Customers must move balances by October 30 or Coinbase converts them to USD Coin at market rates.
PolicyconfirmedOct 26, 2026FinanceFeeds: Coinbase to Auto-Convert USDT and 13 Other Stablecoins in Europe on October 30 Under MiCA
Oct 25
CoinDCX confirms $16 million loss from retired wallets
CoinDCX
The exchange absorbed the loss after an automated sweep failed and old deposit wallets kept collecting customer funds.
IncidentconfirmedOct 25, 2026The Block: CoinDCX confirms $16 million loss from retired wallets days after CEO called breach reports a 'false alarm'