Bengaluru techie held for Rs 379 crore crypto theft in his company | India News
BENGALURU: Investigation of the Rs 379 crore cryptocurrency theft reported by CoinDCX has led to Bengaluru City police arresting a software engineer of the company after hackers allegedly succeeded in compromising confidential financial processes using his login credentials.The arrested employee is Rahul Agarwal (30), a resident of Carmelaram area, and he is from Haridwar, Uttarakhand. The arrest follows a complaint by Neblio Technologies, which runs crypto trading platform CoinDCX.Quoting Neblio vice-president (public policy) Hardeep Singh, police said: “Rahul was on permanent rolls of the company and he was given a laptop strictly for office work. He came under the scanner after the company found out that an unknown person had hacked into the system at 2.37am on July 19 and transferred one USDT to a wallet. Around 9.40am, the hacker siphoned off $44 million (Rs 379 crore) and transferred it to six wallets.“When the company conducted an internal probe, it was found the security credentials of Rahul’s laptop were compromised, allowing the hacker to access the company’s server. Following this, his laptop was seized and examined.
