Context:
On July 19, 2025, CoinDCX, one of India’s largest cryptocurrency exchanges, suffered a crypto asset theft worth $44 million from its treasury. The loss was absorbed from internal reserves; customer wallets remained unaffected.
Bounty Programme Details
- Objective: To recover stolen funds and identify perpetrators.
- Eligibility: Open to:
- Ethical hackers
- White-hat researchers
- Cybersecurity experts
- Incentives:
- Up to 25% of recovered assets awarded for actionable inputs that help:
- Trace the stolen crypto
- Recover assets
- Identify and convict the culprits
- Up to 25% of recovered assets awarded for actionable inputs that help:
Additional Measures
- Infrastructure Overhaul: CoinDCX is redesigning its cybersecurity and internal infrastructure to prevent future attacks.
About CoinDCX
- Founded: 2018 by Sumit Gupta and Neeraj Khandelwal
- Location: Mumbai; FIU-registered
- User Base: Over 13 million users
- Services: Spot, Futures, and Web3 crypto services
- Quarterly Trading Volume: Exceeds â‚ą1 lakh crore
