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CoinDCX reiterates that client funds are safe and will soon launch a recovery bounty plan

Internet reports that Sumit Gupta, co-founder of Indian crypto exchange CoinDCX, which was disclosed by "chain detective" ZachXBT yesterday that it had been hacked, issued a document on the X platform reiterating that client funds are safe and that all user assets are stored in isolated cold wallets. The incident is limited to a single operable liquidity providing account, and transactions and withdrawals proceed normally. CoinDCX is working with law enforcement agencies to recover stolen funds and is about to launch a recovery bounty program.

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