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

CoinDesk · Mon, 26 Oct 2026 05:39:17 GMT

Read the full story at CoinDesk ↗

OmniFin Portal's take

Excerpt from 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.”

Rule-based headline sentiment: Bearish