Indian Crypto Exchange CoinDCX Launches Bounty Hunt After $44 Million Exploit
CoinDCX will offer up to 25% of recovered funds, up to $11 million, for information leading to the recovery of $44 million stolen in a cyberattack. The breach, confirmed by CEO Sumit Gupta, involved an internal operational account used for liquidity provisioning and did not affect customer wallets. The attacker utilized 1 ETH from Tornado Cash and transferred over $15 million to Ethereum from Solana. CoinDCX is collaborating with cybersecurity firms for recovery and has reported the incident to India's Computer Emergency Response Team. Experts emphasize the need for enhanced security measures in the crypto ecosystem. The breach follows a similar incident involving WazirX, raising concerns about crisis management and user protection in the industry.
