CoinDCX Hit by $44M Hack, Launches $11M Bounty Program

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CoinDCX Hit by $44 Million Hack, Launches $11 Million Bounty Program

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 21, 2025

Key Takeaways

CoinDCX offers up to $11 million of recovered funds to experts who help trace $44 million stolen in a recent security breach;
The July 18 hack targeted an internal trading wallet, but user funds were safe and the platform remains fully operational;
ZachXBT reported that the attacker used Tornado Cash and moved $15 million from Solana to Ethereum.

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CoinDCX Hit by $44 Million Hack, Launches $11 Million Bounty Program

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CoinDCX, Indian crypto exchange, is offering rewards to cybersecurity experts who can help recover $44 million taken in a recent security breach.

Those who help trace or retrieve the stolen funds could receive up to 25% of what they recover, with a cap of $11 million. This offer is open to ethical hackers, independent investigators, and anyone able to follow the digital trail.

The incident took place on July 18 and involved an internal wallet used for managing trading activities. The stolen assets belonged to the company itself, and customer accounts were not affected.

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The breach was made public after blockchain researcher ZachXBT noticed unusual transactions and shared his findings on Telegram.

Investigators stated that the attacker used 1 ETH ETH $3,749.50 from Tornado Cash to initiate the exploit. More than $15 million was later transferred from the Solana SOL $195.10 blockchain to Ethereum.

CoinDCX CEO Sumit Gupta confirmed the incident on July 19 and explained that the loss was limited to an account used for providing liquidity and that the company’s reserves would cover the damage.

CoinDCX also noted that customer funds are held in different wallets, so the attack did not impact users. The platform continues to operate as usual.

On July 16, crypto exchange BigONE confirmed an external attack that drained $27 million from its hot wallet. How did it happen? Read the full story.