CoinDCX announces white hat recovery bounty after $44M hack
The Indian crypto exchange announced a recovery program of up to 25% for ethical hackers who can help recover the stolen stablecoins.
Indian cryptocurrency exchange CoinDXC announced a recovery effort after falling victim to a $44 million exploit on Friday, with the firm pledging a bounty for ethical hackers who help retrieve the stolen funds.
CoinDXC’s internal accounts used for “liquidity provision” were exploited on Friday, leading to $44 million worth of cryptocurrency being stolen, while user funds remained unaffected.
In an effort to recover the stolen funds, CoinDCX CEO Sumit Gupta announced a new recovery bounty program that offers white hat hackers up to 25% of any recovered funds they can help trace and retrieve.
