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India's largest crypto exchange absorbs $16 million loss from internal process failure tied to retired wallet

CoinDeskOctober 26, 2026 · 6:34 AM2 min read
India's largest crypto exchange absorbs $16 million loss from internal process failure tied to retired wallet

The Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm. It now says it lost $16 million and will absorb the loss.

Originally published on CoinDesk

The Mumbai-based exchange initially dismissed reports of suspicious outflows as a false alarm. It now says it lost $16 million and will absorb the loss.

Read the full article on CoinDesk →

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