CoinDCX Hacked: 25% Bounty for Crypto Sleuths 🕵️‍♂️

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Well folks, it seems the good ol’ Wild West of crypto ain’t so tame after all. CoinDCX, one of India’s biggest crypto hangouts, got hit with a right proper wallop on July 19th, 2025. Seems some varmints snuck into their internal trading wallet and made off with a cool $44.2 million. That’s a whole lotta rupees, folks. They took $28.3 million in SOL and $15.78 million in ETH, then tried to disappear into the digital dust using that Tornado Cash contraption. Sneaky devils.

25% Reward for Catching the Crypto Crooks

But CoinDCX ain’t taking this lying down. They locked down the wallet faster than you can say “blockchain” and promised to cover the losses from their own pockets. Now, they’re offering a 25% bounty to anyone who can help track down the stolen loot. Sumit Gupta, the big cheese at CoinDCX, says it’s all about catching these scoundrels and keeping the crypto world safe for honest folks. He swears the loss came from their own stash, not customer funds, and they’ve already coughed up the dough from their corporate treasury. Business as usual, they say.

Announcing the @CoinDCX 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.

Just to give more context:
-> We want to be upfront. The exposure was from our own reserves, and we have…

— Sumit Gupta (CoinDCX) (@smtgpt) July 21, 2025

Gupta’s got a point. Catching these crypto bandits is important for the whole industry. Nobody wants to see their hard-earned digital coins vanish into thin air.

Transparency Troubles in Crypto Land

But this whole shebang has got folks talking about transparency in the crypto world. Some users are grumbling that Indian exchanges like CoinDCX and WazirX are a bit slow on the uptake when it comes to alerting folks about security breaches. Global platforms like Bybit, they’re on the ball, letting everyone know within an hour. But these Indian exchanges, they take their sweet time. Makes you wonder what they’re hiding, eh? 🤔

This ain’t the first rodeo for Indian crypto exchanges either. Remember that $230 million WazirX hack back in 2024? Seems like these exchanges are becoming prime targets for cyber crooks. Time for them to step up their game and keep our crypto safe, wouldn’t you say?

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2025-07-21 13:52