CoinDCX launches bounty after security breach
Briefly

CoinDCX has launched a bounty program offering rewards up to 25% for recovery efforts after a security breach on July 19, 2025. The breach affected one internal operational account, which was used solely for liquidity provisioning on a partner exchange. The company assured customers that funds were secure, with all assets backed 1:1 in segregated cold wallets. CoinDCX pledged to absorb the $44 million USDT exposure from its treasury. The incident was reported to CERT-In and did not disrupt customer operations, with all wallets remaining secure and unaffected.
CoinDCX has launched a bounty program offering up to 25% rewards for recovery efforts following a July 19, 2025 security breach, ensuring customer funds remain secure.
The security incident involved a breach of an internal operational account, affecting only liquidity provisioning on a partner exchange, with no impact on customer wallets.
CoinDCX has engaged global cybersecurity firms and law enforcement to trace stolen assets, emphasizing its commitment to user security and the integrity of its platform.
Customer wallets remained structurally segregated and untouched throughout the incident, and all operations including trading and withdrawals continued without disruption.
Read at appdevelopermagazine.com
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