CoinDCX Launches India’s Largest Crypto Recovery Bounty After $44M Hack

CoinDCX’s $11M Bounty: A Bold New Line of Defense

CoinDCX has launched the largest crypto recovery bounty in India’s history, following a massive security breach that saw Rs 368 crore ($44 million) drained from the exchange’s internal liquidity wallet. The initiative, dubbed the CoinDCX Recovery Bounty Program, offers up to 25% of recovered assets—up to $11 million—as a reward for actionable intelligence leading to the recovery and conviction of those responsible.

This unprecedented move aims to galvanize ethical hackers, white-hat researchers, and cybersecurity allies in a collective effort to trace and retrieve the stolen digital assets.

Recovery Bounty Details: $11 Million on the Table

Moreover, the bounty program isn’t just about asset recovery. In addition, CoinDCX has broadened the scope to include rewards for anyone who helps identify the culprits and support legal conviction. As a result, this initiative sends a clear message to the crypto ecosystem: collaboration and accountability are now key pillars in post-breach protocols.

The exchange encourages interested parties to participate by contacting:
📧 bountyprogram@coindcx.com

Current Progress: Assets Traced to Two Wallets

CoinDCX has already begun to make headway. The stolen funds have been traced to two public blockchain wallets:

• Solana Wallet: 155,830 SOL ($27.6 million)

• Ethereum Wallet: 4,443 ETH ($15.7 million)

With assistance from cybersecurity firms such as Sygnia, zeroShadow, and Seal911, and in coordination with the Solana Foundation, Superteam, and cross-chain bridge partners Wormhole and deBridge, CoinDCX is actively monitoring and pursuing leads.

Trust Intact: User Funds Safe

Despite the breach, CoinDCX has emphasized that customer assets remain unaffected. The breach was limited to an internal account, and the company has pledged to cover the loss using its own treasury.

“Cybercrime is an attack on trust. When one of us is targeted, all of us are affected,” said Neeraj Khandelwal, Co-Founder of CoinDCX. “We will emerge from this stronger, together.”

Industry Impact: Raising the Bar for Security & Transparency

The crypto community has widely lauded CoinDCX’s swift and transparent response. Consequently, Indian crypto firms are now setting a new benchmark in security standards by committing immediately to transparency and full restitution—an approach that directly challenges the industry’s history of delayed disclosures and vague communication.

“This is not just a bounty—it’s a declaration,” remarked a cybersecurity expert at zeroShadow. “It signals a shift toward a more resilient, community-driven defense against sophisticated threats.”

Final Thoughts: The Road to Recovery Begins

The CoinDCX Recovery Bounty Program sets a powerful precedent in the Indian crypto ecosystem—one where transparency, community engagement, and ethical collaboration take center stage.

Backed by up to $11 million in incentives and a public call for contributions, CoinDCX is actively rewriting the rulebook on crypto breach responses. Indeed, it’s a bold step—and perhaps a defining one—for the industry at large.

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