CoinDCX announces white hat recovery bounty after $44M hack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 21 2025CoinDCX Recovery Efforts: Indian cryptocurrency exchange CoinDCX is launching a recovery program after a $44 million hack, offering up to 25% of recovered funds as a bounty for ethical hackers. The CEO emphasized the importance of identifying the attackers while assuring that user funds remain safe.
Increased Security Concerns: The CoinDCX incident highlights a trend of rising exploits on centralized exchanges, with over 65% of Web3 losses in Q2 2024 attributed to such incidents. Experts urge exchanges to enhance security measures and adopt preemptive solutions to mitigate risks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
