A high-stakes crypto theft hits CoinDCX. Bengaluru police arrested 30-year-old engineer Rahul Agarwal in a $44M internal wallet breach.
🕵️♂️ It all started with a 1 USDT test tx at 2:37 a.m. on July 19. Hours later, $44M vanished into six wallets.
💻 Investigators say Agarwal's company laptop was compromised via malware, allegedly linked to WhatsApp freelancing for unknown clients.
💰 He reportedly received ₹15 lakh (~$17K) before the breach.
🔒 CoinDCX’s parent, Neblio, confirmed no customer funds were touched, and launched an $11M bounty to trace the stolen crypto.
👨💻 Experts call it a classic case of social engineering—a growing risk in Web3. As one Redditor put it:
> “He’s the victim, not the villain… Let’s fix access control.”
📉 This breach is pushing Indian regulators to reexamine crypto cybersecurity frameworks, especially in employee access protocols.
#CryptoNews #CoinDCX #CryptoSecurity