coindcx

The amount of the funding remains undisclosed.

A forensic report cited backend credential compromise, overreliance on hot wallets, and lack of red-teaming as key vulnerabilities

CoinDCX introduced a Recovery Bounty Program that offers up to 25 percent of any successfully recovered funds as a reward for actionable intelligence leading to the retrieval of assets and identification of the attacker.

Revealed at Unfold 2024, CoinDCX's flagship Web3 event, the initiative aims to address the critical need for a secure, localised third-party custody service for Indian exchanges and VDA companies.