The post CoinDCX Offers Massive Bounty Program After $44M Hack appeared on BitcoinEthereumNews.com.

The post CoinDCX Offers Massive Bounty Program After $44M Hack appeared first on Coinpedia Fintech News CoinDCX, one of India’s largest exchanges, suffered a $44.2 million hack on July 19, 2025, after attackers targeted an internal trading wallet. The hackers stole $28.3 million in SOL and $15.78 million in ETH, using Tornado Cash to cover their tracks. CoinDCX quickly secured the wallet and promised to cover losses from their treasury. Sumit Gupta, the CEO of CoinDCX, shared that it has received over 31,000 INR withdrawal requests in the past 24 hours. 98% of these have already been processed, and the remaining 600 are expected to be completed within 72 hours of the request. He assured users that customer funds are 100% safe, as all user assets are stored in segregated cold wallets. 25% Reward for Tracing Stolen Crypto In a latest update, the CEO has announced a Recovery Bounty Program. Up to 25% of any recovered funds will be awarded to those who help trace and retrieve the stolen crypto, with a potential reward pool of up to $11 million if the full amount is retrieved. The goal is to get useful leads that help track down the stolen crypto, identify the attackers, and support legal action. The program is open to ethical hackers, white-hat researchers, and anyone who wants to help make crypto safer for everyone. The CEO clarified that the loss came from CoinDCX’s reserves, not customer funds, and has already been covered. The platform remains fully operational and financially strong. Announcing the @CoinDCX Recovery Bounty Program: Up to 25% of any recovered funds will be awarded to individuals or teams who can help trace and retrieve the stolen crypto. Just to give more context:-> We want to be upfront. The exposure was from our own reserves, and…

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Filed under: News - @ July 21, 2025 12:26 pm