Tether has blacklisted nine addresses linked to the CoinDCX security incident and frozen 2,212,850.3 USDT, according to monitoring by Salus. The inquiry began after investigator Darcy identified an unusual transfer of about 15.99 million USDT. CoinDCX co-founder Sumit Gupta initially said no security breach had occurred. Salus later challenged that account by pointing to transfers involving proof-of-reserves addresses and a TRX distribution pattern. Salus said those on-chain findings prompted responses from the parties involved and gave Tether verifiable blockchain evidence to take action. The development centers on address blacklisting and fund freezing tied to the CoinDCX case.
Tether has blacklisted nine addresses linked to the CoinDCX security incident and frozen 2,212,850.3 USDT, according to monitoring by Salus.
Probe began with an unusual transfer
The investigation started after investigator Darcy spotted an unusual transfer of about 15.99 million USDT. CoinDCX co-founder Sumit Gupta initially said that no security breach had taken place.
Salus cited on-chain patterns
Salus later raised questions based on transfers involving proof-of-reserves addresses and a TRX distribution pattern. According to the account cited in the report, those findings prompted responses from the relevant parties and provided Tether with verifiable on-chain evidence, allowing it to take action.
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