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• CoinDCX has offered an $11 million bounty to attend recuperate stolen funds
• The bounty will hump to those that’ll provide “actionable first intelligence”
• CoinDCX misplaced $44 million to hackers on July 18

Indian crypto exchange CoinDCX has presented an $11 million bounty, no longer to the hacker, but to anybody who’ll provide “actionable first-intellegence” to attend recuperate stolen funds. CoinDCX mentioned that it’ll provide “as a lot as 25% of any recovered funds” to folks who’ll designate, retrieve, and, “more importantly, attend within the identification and conviction” of those occupied with the hack. The exchange disclosed that it has redesigned section of its infrastructure and tightened its security to forestall future exploits.

Data breach Holding “Our Collective Believe”

In preserving with CoinDCX, the bounty program isn’t supposed “to dawdle what used to be misplaced” but is supposed to provide protection to “our collective belief.” It added that the bounty isn’t a cry for attend but a “stand for the long sprint.”

Announcing the @CoinDCX Recovery Bounty Program: As a lot as 25% of any recovered funds will seemingly be awarded to folks or groups who can attend designate and retrieve the stolen crypto.

Appropriate to give more context:
-> We want to be upfront. The publicity used to be from our hang reserves, and now we hang got… https://t.co/GHHlxf3PxB

— Sumit Gupta (CoinDCX) (@smtgpt) July 21, 2025

The exchange mentioned that the bounty program is supposed to ship the crypto community together to residing a brand contemporary traditional for “response and recovery.” It noted that it’ll transparently overview all credible leads, including that it’ll post updates as contemporary traces and patterns emerge.

In a outdated post, CoinDCX CEO Sumit Gupta revealed that the hack didn’t impact buyer funds because they were drained from an internal pockets dilapidated for “liquidity provisioning” with a partner exchange. Gupta also disclosed that the loss could be lined by the exchange’s company treasury.

Data breach A Bounty With a Twist

CoinDCX’s bounty program isn’t the important thing within the market but has an unpopular twist. In preference to reaching out to the hacker and pleading with them to come assist the funds for a bounty, the exchange wants the hacker’s identity revealed.

In the most stylish previous, hacked crypto platforms like GMX hang been using bounties to entice threat actors to come assist funds. Even supposing this vogue has been winning, it’s no longer a guarantee that hackers  would return funds even when their identities are revealed.

With CoinDCX baying for the hackers identity, it’s to be viewed whether or no longer the attacker will voluntarily return the loot.