CoinDCX has acknowledged losing 15.99 million USDT from retired deposit wallets. The exchange says it absorbed the loss, The Block reports.

According to CoinDCX, an automated sweeping service stopped working for a period, allowing deposits to accumulate at old addresses that attackers could access.

The exchange says normal operations continue and customer assets are held in segregated cold wallets. The acknowledgement followed management’s initial public denial of a breach.