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CoinDCX Employee Arrested Over $44M Exchange Hack
The post CoinDCX Employee Arrested Over $44M Exchange Hack appeared on BitcoinEthereumNews.com. In brief Bengaluru police say hackers used a fake freelance job to trick a CoinDCX employee into installing malware on his office laptop, which was later exploited to steal $44 million (₹379 crore) from the exchange’s liquidity wallet. The employee, now in custody, claimed he was unaware of the breach; police say tracing the funds has been difficult due to cross-border wallets and limited crypto regulation. CoinDCX confirmed no customer funds were affected and launched a bounty offering 25% of recovered assets to anyone who helps identify the attackers or recover stolen crypto. Indian authorities have arrested a CoinDCX employee following a $44 million (₹384 crore) crypto theft that reportedly leveraged sophisticated social engineering tactics to breach one of the country’s largest crypto exchanges. Bengaluru’s Whitefield police detained Rahul Agarwal, a software engineer from Jharkhand, on July 26. According to local media outlets, police claimed that Agarwal became the attack vector after he was lured by scammers with freelance gigs such as writing online reviews. “He first used his personal laptop, but later switched to his office system after being urged by the fraudsters,” a senior officer told the Deccan Herald. That switch, they claimed, enabled the hackers to infect his work device with malware, giving them access to the wallet’s credentials. “As the matter is currently under active investigation by the relevant authorities, we are unable to share further details at this point to ensure the integrity of the process is not compromised,” a CoinDCX spokesperson told Decrypt. They requested that the media and public “avoid speculation or the circulation of unverified information, as it may impede the ongoing investigation.” Inside the CoinDCX hack The CoinDCX breach began at 2:37 AM on July 19 with a test transfer of 1 USDT, followed by the major theft at 9:40…
The post CoinDCX Employee Arrested Over $44M Exchange Hack appeared on BitcoinEthereumNews.com.
In brief Bengaluru police say hackers used a fake freelance job to trick a CoinDCX employee into installing malware on his office laptop, which was later exploited to steal $44 million (₹379 crore) from the exchange’s liquidity wallet. The employee, now in custody, claimed he was unaware of the breach; police say tracing the funds has been difficult due to cross-border wallets and limited crypto regulation. CoinDCX confirmed no customer funds were affected and launched a bounty offering 25% of recovered assets to anyone who helps identify the attackers or recover stolen crypto. Indian authorities have arrested a CoinDCX employee following a $44 million (₹384 crore) crypto theft that reportedly leveraged sophisticated social engineering tactics to breach one of the country’s largest crypto exchanges. Bengaluru’s Whitefield police detained Rahul Agarwal, a software engineer from Jharkhand, on July 26. According to local media outlets, police claimed that Agarwal became the attack vector after he was lured by scammers with freelance gigs such as writing online reviews. “He first used his personal laptop, but later switched to his office system after being urged by the fraudsters,” a senior officer told the Deccan Herald. That switch, they claimed, enabled the hackers to infect his work device with malware, giving them access to the wallet’s credentials. “As the matter is currently under active investigation by the relevant authorities, we are unable to share further details at this point to ensure the integrity of the process is not compromised,” a CoinDCX spokesperson told Decrypt. They requested that the media and public “avoid speculation or the circulation of unverified information, as it may impede the ongoing investigation.” Inside the CoinDCX hack The CoinDCX breach began at 2:37 AM on July 19 with a test transfer of 1 USDT, followed by the major theft at 9:40…
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