India, July 21 -- CoinDCX has launched a recovery bounty programme following a major cyberattack that led to a theft of assets worth $44 Mn from the crypto exchange's internal operational account.

The company on its website blog announced the recovery bounty programme with a potential pool of $11 Mn (about INR 100 Cr).

"Up to 25% of any recovered funds will be awarded to individuals or teams who can help trace and retrieve the stolen crypto, but more importantly assist in the identification and conviction of those involved," the blog read.

"More than recovering the stolen funds, what is important for us is to identify and catch the attackers, because such things shouldn't happen again, not with us, not with anyone in the industry," Sum...