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Indian crypto <\/span>exchange<\/span><\/a> CoinDCX has announced an $11 million bounty, not to the hacker, but to anyone who\u2019ll provide \u201cactionable first-intellegence\u201d to help recover stolen funds. CoinDCX said that it\u2019ll offer \u201cup to 25% of any recovered funds\u201d to individuals who\u2019ll trace, retrieve, and, \u201cmore importantly, assist in the identification and conviction\u201d of those involved in the hack. The exchange disclosed that it has redesigned part of its infrastructure and tightened its security to prevent future exploits.<\/span><\/p>\n According to <\/span>CoinDCX<\/span><\/a>, the bounty program isn\u2019t meant \u201cto chase what was lost\u201d but is intended to protect \u201cour collective trust.\u201d It added that the bounty isn\u2019t a cry for help but a \u201cstand for the future.\u201d<\/span><\/p>\n Announcing the @CoinDCX<\/a> Recovery Bounty Program: Up to 25% of any recovered funds will be awarded to individuals or teams who can help trace and retrieve the stolen crypto.<\/p>\n Just to give more context: \u2014 Sumit Gupta (CoinDCX) (@smtgpt) July 21, 2025<\/a><\/p>\n<\/blockquote>\n The exchange said that the bounty program is meant to bring the crypto community together to set a new standard for \u201cresponse and recovery.\u201d It noted that it\u2019ll transparently review all credible leads, adding that it\u2019ll publish updates as new traces and patterns emerge.<\/span><\/p>\n In a previous <\/span>post<\/span><\/a>, CoinDCX CEO Sumit Gupta revealed that the hack didn\u2019t impact customer funds because they were drained from an internal <\/span>wallet<\/span><\/a> used for \u201cliquidity provisioning\u201d with a partner exchange. Gupta also disclosed that the loss would be covered by the exchange\u2019s corporate treasury.<\/span><\/p>\n CoinDCX\u2019s bounty program isn\u2019t the first in the market but has an unpopular twist. Instead of reaching out to the hacker and pleading with them to return the funds for a bounty, the exchange wants the hacker\u2019s identity revealed.<\/span><\/p>\n In the recent past, hacked crypto platforms like <\/span>GMX<\/span><\/a> have been using bounties to entice threat actors to return funds. Although this approach has been <\/span>successful<\/span><\/a>, it\u2019s not a <\/span>guarantee<\/span><\/a> that hackers\u00a0 would return funds even when their identities are revealed.<\/span><\/p>\n With CoinDCX baying for the hackers identity, it\u2019s to be seen whether the attacker will voluntarily return the loot.<\/span><\/p>\n<\/p><\/div>\nProtecting \u201cOur Collective Trust\u201d<\/span><\/h2>\n
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-> We want to be upfront. The exposure was from our own reserves, and we have\u2026 https:\/\/t.co\/GHHlxf3PxB<\/a><\/p>\nA Bounty With a Twist<\/span><\/h2>\n