CoinDCX launches recovery bounty after crypto theft

BENGALURU: Crypto exchange CoinDCX on Monday announced the launch of its Recovery Bounty Programme, which will offer up to 25 per cent of the recovered assets. The initiative aims to retrieve impacted funds and assist in the identification and conviction of the attackers.

Last week, the exchange lost $44 million (about ₹368 crore) worth of assets in a cyberattack. CoinDCX stated that 25 per cent of all successfully recovered funds will be awarded to partners who play an active role in retrieving the stolen crypto and assisting in the identification and conviction of the attackers.