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CoinDCX Launches Forensic Investigation and $11M Bounty After $44M Hack

CoinDCX is absorbing the full $44 million loss from its treasury, safeguarding customer funds from the breach.

CoinDCX says it’s stronger than ever after $44 mn crypto hack, reveals financials, recovery plan
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Overview

  • CoinDCX confirmed that on July 19 a hacker accessed an internal liquidity account and siphoned roughly $44 million through Solana-Ethereum bridges and crypto mixers.
  • The exchange has isolated the compromised operational wallet and assured users that segregated customer accounts were unaffected by the attack.
  • A joint forensic investigation is underway with India’s CERT-In, the Karnataka State Police Cyber Crime Division and international cybersecurity firms.
  • CoinDCX has offered up to 25% of any recovered assets—capped at $11 million—as part of a recovery bounty program for ethical hackers and security experts.
  • The company highlighted its financial resilience, citing over Rs 10,000 crore in assets under custody and strong institutional backing as it strengthens its security infrastructure.