What is CoinDCX recovery bounty programme, how to apply & more
, one of India's biggest crypto exchanges, has launched the country's largest recovery bounty in the crypto world. The exchange is offering up to 25% of recovered funds as a reward to anyone who helps bring back assets stolen in a recent hack.
Why has CoinDCX launched this programme?
The move comes after CoinDCX suffered a major security breach where around $44.2 million (Rs 368 crore) was stolen from one of its internal accounts. To recover these funds, the exchange is now inviting help from
ethical hackers
, white-hat security experts, and others from the crypto community.
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If all stolen funds are recovered, the reward could go up to $11 million. Apart from tracking the assets, CoinDCX will also reward those who help catch the people behind the hack.
'This is about standing up for what's right and protecting the future of the Web3 space,' said CoinDCX in a statement.
Where are the stolen funds?
CoinDCX has traced most of the stolen crypto to two wallets:
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A Solana wallet with around 155,830 SOL (worth nearly $27.6 million)
An Ethereum wallet with about 4,443 ETH (worth nearly $15.7 million)
The company is working with top cybersecurity firms like Sygnia, zeroShadow, and Seal911. Support has also come in from the
Solana Foundation
, Superteam, and bridge platforms like Wormhole and deBridge.
Is customer money safe?
Yes, CoinDCX has confirmed that this breach affected only an internal account. Customer funds were not touched and remain completely safe.
'Cybercrime is an attack on trust. But we'll come out of this stronger,' said Sumit Gupta, co-founder of CoinDCX.
How to apply for the CoinDCX Recovery Bounty
Anyone with genuine information that could help recover the stolen assets can take part in the programme. This includes ethical hackers, blockchain researchers, and even crypto companies.
To apply, send an email to: bountyprogram@coindcx.com
CoinDCX said all valid contributions will be checked and rewarded fairly.
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