This decision comes after the exchange underwent an hacking involving around $ 44.2 million (RS 368) of one of its internal operational accounts.
Up to $ 11 million in awards for the recovery
As part of the BoundCX Recovery Bounty program, the exchange invites ethical pirates, white cat researchers and ecosystem partners to help the recovery effort. The premium could go up to $ 11 million in the event of a complete recovery of stolen funds. Coindcx said he would reward those who help not only in the recovery of assets, but also to identify and help the conviction of violation officials.
Cryptographic tracker
“It is not only about us. It is a question of defending what is good for security, transparency and the future of the entire web 3 ecosystem,” said Coindcx in a press release.
The company added that it was already working with external cybersecurity partners and the exchange concerned to trace and recover the funds.
Fund drawn to public portfolios
Coindcx has confirmed that most stolen assets are currently taking place in two wallets:
– Solana wallet Completing approximately 155,830 soil (~ 27.6 million dollars)
– Ethereum wallet Holding about 4,443 ETH (~ 15.7 million dollars)
The company said that it collaborated in close collaboration with companies such as Sygnia, Zeroshadow and Seal911, and recognized the support of the Solana, Superteam and Bridge Partners Wormhole and Debridge Foundation.
The exchange said that the premium program was part of a broader effort to strengthen confidence and resilience in the cryptography ecosystem after violation, which was disclosed earlier this month. Although the violation has affected an internal account, Coindcx said that customer assets remain safe and have not been affected.
“Cybercrime is an attack on confidence. When one of us is targeted, we are all affected,” said Khandelwal. “We will emerge from this stronger, together.”
Those and interested organizations can participate in the program by contacting bountyprogram@coindcx.com. Coindcx said that all credible contributions will be assessed and rewarded fairly.
