“Indian Crypto Exchange CoinDCX Launches White Hat Recovery Program After $44 Million Hack: Prominent Cybersecurity Experts Urge Industry to Enhance Security Measures”

CoinDCX, an Indian crypto exchange, recently suffered a $44 million hack on its internal accounts. To recover the stolen funds, the company has introduced a white hat recovery program offering up to 25% of the recovered amount to ethical hackers. CoinDCX aims not only to retrieve the funds but also to identify and catch the attackers to prevent such incidents in the future. This hack marks a trend of renewed exploits on centralized exchanges, highlighting the vulnerabilities in the industry. Prominent cybersecurity experts emphasize the need for exchanges to enhance their security measures, suggesting preemptive solutions like real-time wallet monitoring to prevent such attacks.

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