CoinDCX Launches Whitehat Recovery Bounty after $44M Hack

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Indian cryptocurrency exchange CoinDXC has announced a recovery effort after falling victim to a $44 million exploit last Friday, with the firm pledging a bounty for white hat 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 or ethical hackers…



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CoinDCX Launches Whitehat Recovery Bounty after $44M Hack


Indian cryptocurrency exchange CoinDXC has announced a recovery effort after falling victim to a $44 million exploit last Friday, with the firm pledging a bounty for white hat 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 or ethical hackers…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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