CoinDCX Don Launch $11M Bounty After $44M Wallet Hack
Di CoinDCX hack wey happen on July 18, 2025 comot $44 million from the exchange internal trading wallet. Di baddo man wash di money through Tornado Cash come carry over $15.8 million from Solana (SOL) go Ethereum (ETH). Blockchain security platforms, like Cyvers Alerts plus researcher ZachXBT track di hacker wallet, wey get around 12,144 ETH (~$46 million) now. After di CoinDCX hack, di platform start recovery bounty program on July 19, wey offer up to $11 million (25% of di funds wey dem recover) to white-hat researchers wey help find and beta di stolen asset dem. Di plan get support from Solana Foundation, Wormhole, deBridge and security firm Sygnia. Co-founders Sumit Gupta and Neeraj Khandelwal assure traders say user money dey safe and company reserves go cover any loss. This program show how CoinDCX serious about better crypto security and quick money recovery.
Bearish
Di CoinDCX hack plus di recovery bounty show say short-term bearish pressure dey for SOL and ETH as thieves tokens enter mixer plus cross-chain bridges, wey dey push possible sell-offs and market uncertainty. For now, traders fit reduce how dem dey hold Solana assets wey connect with di breach. But di quick start of big bounty program plus assurance say user funds safe fit keep confidence stable for long run, make deep losses small once white-hat people begin return assets.