CoinDCX, one of India’s leading cryptocurrency exchanges, has announced a recovery bounty program after suffering a security breach that led to the loss of approximately $44 million (around Rs 379 crore). The company is offering up to 25 per cent of the recovered funds as a reward to those who help retrieve the stolen crypto and assist in identifying and bringing the attackers to justice. If all lost assets are recovered, the bounty could reach a total value of $11 million (Rs 94.6 crore).
In a statement, CoinDCX emphasised that the effort goes beyond just recovering funds — it’s about uniting the Web3 community to stand against cybercrime. “This is not just about us. This is about standing up for what’s right, for the safety, transparency, and future of the entire Web3 ecosystem. It’s a war against cybercrime,” the company said.
Co-founder Neeraj Khandelwal highlighted that the breach was not only an attack on CoinDCX but on trust itself. “When one of us is targeted, all of us are affected. CoinDCX is committed to using this incident as a turning point—to strengthen our defenses, reinforce transparency, and work with the best minds in the industry to make recovery real and replicable,” he said.
He added that the company is actively working with an exchange partner to block and recover the stolen assets and is fully committed to the recovery effort. “We will emerge from this stronger, together,” Khandelwal said.
The company also issued a call to action, inviting ethical hackers, white-hat researchers, and partners across the ecosystem to join the fight against cybercrime.
© The Indian Express Pvt Ltd
