CoinDCX, India’s cryptocurrency exchange, has launched a Recovery Bounty Program after a cyberattack resulted in a $44 million loss from its operational account. The initiative aims to recover stolen funds and bring attackers to justice while emphasizing collective trust and security in the Web3 ecosystem. #CoinDCX #Cyberattack #CryptoSecurity
Keypoints
- CoinDCX experienced a cyberattack on July 19, 2025, targeting its internal operational account.
- The company lost approximately $44 million, but customer assets remain secure in cold wallets.
- The Recovery Bounty Program offers up to 25% of recovered funds, with a maximum of $11 million in rewards.
- CoinDCX is working with cybersecurity firms, forensic investigators, and legal authorities to trace and resolve the attack.
- Despite the breach, the platform continues to operate normally, with enhanced security measures being implemented.
Read More: https://thecyberexpress.com/coindcx-cyberattack-recovery-bounty/