{"id":1445,"date":"2025-07-23T07:31:47","date_gmt":"2025-07-23T11:31:47","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=1445"},"modified":"2025-07-23T07:31:51","modified_gmt":"2025-07-23T11:31:51","slug":"coindcx-bounty-catch-crypto-hacker","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/coindcx-bounty-catch-crypto-hacker\/","title":{"rendered":"CoinDCX Offers $11M Bounty After $44M Crypto Wallet Hack"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">India\u2019s leading crypto exchange, <strong>CoinDCX<\/strong>, has launched a massive recovery plan after suffering a $44 million security breach. The attack hit one of its internal wallets, sparking concerns across the Indian crypto industry.<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Hack Confirmed, User Funds Safe<\/h3>\n\n\n\n<p>The breach was discovered on <strong>July 13<\/strong> when <a href=\"https:\/\/coindcx.com\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/coindcx.com\/\" rel=\"noreferrer noopener\">CoinDCX<\/a> noticed unusual activity in one of its operational wallets. Internal checks revealed that <strong>$44 million<\/strong> worth of crypto assets had been stolen. Thankfully, <strong>no user funds were affected<\/strong>, as the loss came entirely from the company\u2019s treasury.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">$11 Million Bounty to Catch the Attacker<\/h3>\n\n\n\n<p>In a bold move, CoinDCX is offering a <strong>bounty of up to $11 million<\/strong> to anyone who can help trace the stolen assets or identify the hacker. This is one of the largest recovery bounties ever announced by an Indian crypto exchange.<\/p>\n\n\n\n<p>The company is now working with <strong>cybersecurity firms, blockchain forensic teams<\/strong>, and <strong>intelligence experts<\/strong> from around the world. Indian law enforcement has also been notified, and legal action has been initiated.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hackers Use Tornado Cash to Obscure Trail<\/h3>\n\n\n\n<p>Blockchain investigator <strong>ZachXBT<\/strong> reported that some of the stolen funds have already been swapped for <strong>Ethereum (ETH)<\/strong> and sent through <strong>Tornado Cash<\/strong>, a crypto-mixing tool. This makes tracing the funds even more challenging.<\/p>\n\n\n\n<p>Despite the use of mixing services, CoinDCX says it\u2019s committed to recovering the assets and making an example of the attacker.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Breach Linked to Internal Wallet Vulnerability<\/h3>\n\n\n\n<p>According to blockchain security firm <strong>Cyvers<\/strong>, the breach started with a suspicious $1.1 million transaction. The attacker accessed one of CoinDCX\u2019s operational wallets but did <strong>not<\/strong> affect smart contracts or customer systems.<\/p>\n\n\n\n<p>CoinDCX acted quickly. The affected wallet was deactivated, and new <strong>real-time monitoring tools<\/strong> were introduced. The company has since upgraded its <strong>wallet configurations<\/strong> and internal security protocols.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Wake-Up Call for India\u2019s Crypto Industry<\/h3>\n\n\n\n<p>This is the <strong>second-biggest public crypto breach<\/strong> in Indian exchange history. In 2022, <strong>WazirX<\/strong> suffered a $230 million loss. Both cases stemmed from internal issues, not external protocol flaws.<\/p>\n\n\n\n<p>The incident has sparked calls for <strong>stronger internal audits<\/strong>, <strong>greater transparency<\/strong>, and tighter <strong>operational security<\/strong>. As Indian crypto exchanges grow, many may adopt CoinDCX\u2019s approach of combining <strong>public bounties<\/strong> with <strong>quick internal fixes<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Looking Ahead<\/h3>\n\n\n\n<p>CoinDCX\u2019s proactive stance could become a model for other platforms. It has absorbed the loss, protected user funds, and taken a public lead in the investigation. The exchange promises further updates as the situation unfolds.<\/p>\n\n\n\n<p>For now, the attacker remains unidentified and the stolen funds unrecovered\u2014but CoinDCX has made it clear: they\u2019re not backing down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s leading crypto exchange, CoinDCX, has launched a massive recovery plan after suffering a $44 million security breach. The attack &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"CoinDCX Offers $11M Bounty After $44M Crypto Wallet Hack\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/coindcx-bounty-catch-crypto-hacker\/#more-1445\" aria-label=\"Read more about CoinDCX Offers $11M Bounty After $44M Crypto Wallet Hack\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1447,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[456,457,445,452,460,443,458,455,459,449,461,444,448,451,454,450,446,462,447,453],"class_list":["post-1445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-11-million-crypto-bounty","tag-blockchain-forensic-investigation","tag-coindcx-44-million-hack","tag-coindcx-bounty","tag-coindcx-confirms-no-user-funds-lost","tag-coindcx-crypto-breach","tag-coindcx-hacker-trace","tag-coindcx-internal-wallet-hack","tag-coindcx-news-update","tag-coindcx-offers-bounty-to-catch-crypto-hacker","tag-coindcx-partners-with-security-firms-to-trace-stolen-assets","tag-coindcx-wallet-security","tag-crypto-exchange-breach-response","tag-crypto-exchange-hack-india","tag-crypto-theft-india-2025","tag-how-coindcx-is-recovering-stolen-crypto-funds","tag-indian-crypto-exchange-security","tag-indian-exchange-hit-by-44-million-crypto-theft","tag-stolen-crypto-recovery","tag-tornado-cash-crypto-theft","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/07\/CoinDCX-offers-bounty-to-catch-crypto-hacker-23jul25.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":2,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1445\/revisions"}],"predecessor-version":[{"id":1448,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1445\/revisions\/1448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/1447"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=1445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=1445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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