CoinDCX reiterates the security of customer funds and will soon launch a bounty recovery program

According to a report by Golden Finance, Sumit Gupta, co-founder of the Indian cryptocurrency exchange CoinDCX, who was exposed by "on chain detective" ZachXBT yesterday for being hacked, reiterated in a post on the X platform that customer funds are safe and all user assets are stored in isolated cold wallets. The incident is limited to a single operable liquidity provider account, and transactions and withdrawals are proceeding normally. CoinDCX is working with law enforcement agencies to recover stolen funds and is about to launch a recovery bounty program.