CoinDCX reaffirms the safety of customer funds and is about to launch a recovery bounty program
2025-07-20 10:55:53
Sumit Gupta, co-founder of Indian crypto exchange CoinDCX, who was hacked by "on-chain detective" ZachXBT yesterday, wrote on the X platform to reaffirm the safety of customer funds. All user assets are stored in isolated cold wallets. The incident is limited to a single actionable liquidity provider account, and transactions and withdrawals are carried out normally. CoinDCX is working with law enforcement agencies to recover stolen funds and is about to launch a recovery bounty program.
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