15.8 million dollars in user deposits remain untracked, ZachXBT points out related issues at a certain exchange

Odaily reported, according to monitoring by ZachXBT, after a security incident at a certain Indian exchange in July 2025, its deposit address TQKJQ continued to be used by a liquidity provider (LP) for 10 months. In April and May 2026, this address still consolidated user deposits into the current public hot wallet of the exchange and received gas fees. Based on this, ZachXBT believes that the exchange team has $15.8 million in user deposits that have not been tracked. The exchange previously responded that user funds are safe, claiming that the related allegation is misleading and involves transactions from old wallet addresses created in January 2025, which were compromised in July 2025.