CoinDCX launches India’s largest crypto recovery bounty after Rs 368 crore hack

CoinDCX has launched India’s largest recovery bounty in the crypto sector, offering up to 25% of recovered funds as a reward to anyone who provides actionable information that helps retrieve assets lost in a recent security breach.

The move comes after the exchange suffered a hack involving approximately $44.2 million (Rs 368 crore) from one of its internal operational accounts.

Up to $11 Million in Rewards for Recovery

As part of the CoinDCX Recovery Bounty Program, the exchange is inviting ethical hackers, white-hat researchers, and ecosystem partners to assist in the recovery effort. The bounty could go up to $11 million in case of a full recovery of the stolen funds. CoinDCX said it will reward those who help not only in asset retrieval but also in identifying and aiding the conviction of those responsible for the breach.

"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," CoinDCX said in a release.

The company added that it is already working with external cybersecurity partners and the affected exchange to trace and recover the funds.

Funds Traced to Public Wallets

CoinDCX confirmed that most of the stolen assets are currently held in two wallets:

- Solana wallet holding approximately 155,830 SOL (~$27.6 million)

- Ethereum wallet holding about 4,443 ETH (~$15.7 million)

The company said it is collaborating closely with firms including Sygnia, zeroShadow, and Seal911, and acknowledged support from the Solana Foundation, Superteam, and bridge partners Wormhole and deBridge.

The exchange said the bounty program is part of a broader effort to strengthen trust and resilience in the crypto ecosystem following the breach, which was disclosed earlier this month. While the breach affected an internal account, CoinDCX has clarified that customer assets remain safe and were not impacted.

“Cybercrime is an attack on trust. When one of us is targeted, all of us are affected,” said Khandelwal. “We will emerge from this stronger, together.”

Interested individuals and organizations can participate in the program by contacting bountyprogram@coindcx.com. CoinDCX said all credible contributions will be evaluated and rewarded fairly.