In response to the security incident affecting one of our operational accounts, CoinDCX is taking action – not just to recover funds, but to rally the Web3 community in the fight 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 cyber crime.
As India’s largest crypto exchange, we’ve always stood at the forefront of ecosystem resilience and building for the long-term. Today, we are taking another step in that direction, with the launch of the CoinDCX Recovery Bounty Program, offering up to 25% of the recovered assets as a reward for actionable intel that helps us retrieve impacted funds and assist in the identification and conviction of the attackers.
This a call to all ethical hackers, white-hat researchers, and partners across the ecosystem to join us in our fight against cybercrime.
25% of all successfully recovered funds will be awarded to partners who play an active role in retrieving the stolen crypto in the incident and assist in the identification and conviction of the attackers.
Bounty Pool Potential: Up to $11 million in value in the scenario of a full recovery.
“Cybercrime is an attack on trust. When one of us is targeted, all of us are affected. CoinDCX is committed to turning this incident to strengthen defenses, reinforce transparency, and work with the best minds in the industry to make recovery real and replicable,” said Neeraj Khandelwal, Co-founder, CoinDCX. “We are collaborating with the exchange partner to block and recover assets. At the same time, we are launching a bounty program. Thank you for the overwhelming support and kind messages from this wonderful community during these challenging times. Your trust means everything to us and we’re more committed than ever to uphold it. We will emerge from this stronger, together,” he added.
As an update, at this point, most of the funds reside on two wallets –
SOL – holding 155,830 SOL (~27.6 M USD) → View Wallet
ETH – holding ~4,443 ETH (~15.7 M USD) → View Wallet
We appreciate the effort of our partners, esp Sygnia, zeroShadow, Seal911 who are already on it and helping us trace the funds and identify the culprits. We are also extremely appreciative of the collaborative approach from the ecosystem esp the Solana Foundation, Superteam, and our bridge partners Wormhole and deBridge.