CoinDCX Offers Massive Bounty Program After $44M Hack
Main Idea
CoinDCX, one of India’s largest exchanges, suffered a $44.2 million hack, with the CEO announcing a 25% recovery bounty program and assuring that customer funds were not affected.
Key Points
1. CoinDCX was hacked on July 19, 2025, losing $28.3 million in SOL and $15.78 million in ETH.
2. The hackers used Tornado Cash to obscure the transaction trail.
3. CoinDCX secured the compromised wallet and committed to covering losses from its treasury.
4. CEO Sumit Gupta announced a Recovery Bounty Program offering up to 25% of recovered funds for assistance in tracing the stolen crypto.
5. The CEO clarified that the loss came from the exchange's reserves, not customer funds, and the exchange remains financially strong.
Description
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. 25% Reward for Tracing Stolen Crypto In a latest update, Su...
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