CoinDCX Bounty Programme After $44 Million Crypto Theft
Why in the news
One of India’s biggest crypto exchanges announced a bounty to get back funds stolen from its treasury.
Key facts
- Theft: $44 million in crypto assets taken from the treasury on 19 July 2025.
- Impact: absorbed from internal reserves; customer wallets safe.
- Bounty aim: recover the funds and identify those responsible.
- Who can join: ethical hackers, white-hat researchers and cybersecurity experts.
- Reward: up to 25% of recovered assets for useful input that helps trace the crypto, recover it, or identify and convict the culprits.
- Other step: the exchange is redesigning its cybersecurity and internal infrastructure.
About CoinDCX
- Founded in 2018 by Sumit Gupta and Neeraj Khandelwal.
- Based in Mumbai; registered with the FIU.
- More than 13 million users.
- Offers spot, futures and Web3 crypto services.
- Quarterly trading volume above ₹1 lakh crore.
Exam angle
- Maximum bounty: 25% of recovered assets.
- Founders: Sumit Gupta and Neeraj Khandelwal.
- Registration: Financial Intelligence Unit (FIU).