Odaily Planet Daily reports that, according to on-chain detective Specter, the CoinDCX deposit address TQKJQ had been continuously transferring funds to CoinDCX’s hot wallet. Subsequently, wallets associated with CoinDCX, including TQKJQ, were consolidated into a single wallet, which then began distributing funds, exchanging assets, and utilizing over-the-counter services. On-chain detective Specter stated that this may be an indication of a wallet compromise and accused CoinDCX and its co-founders of lying.
CoinDCX deposit address TQKJQ and related wallets suspected of being compromised
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Summary
On-chain data shows that the CoinDCX deposit address TQKJQ previously transferred funds to the exchange’s hot wallet. Subsequently, TQKJQ and other CoinDCX-related wallets were consolidated into a single address, which began moving assets, swapping tokens, and utilizing OTC services. Chain analyst Specter flagged the activity as a potential wallet compromise and accused CoinDCX and its co-founders of misleading users. The incident may impact the Fear & Greed Index as traders respond to the on-chain activity.
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