๐ฅ One of the biggest crypto thefts in India has shaken the markets and exposed shocking insider risks. Hereโs everything you need to know:
๐ถ Key Details of the Heist
๐ป Malware Attack: Engineerโs laptop compromised via a fake freelance project
๐ Stolen Credentials: Hackers gained access to internal systems
๐ธ $44M Drained: Funds sent to 6 crypto wallets on July 19
๐จโ๐ป Insider Arrested: Rahul Agarwal (30) nabbed on July 26 in Bengaluru
๐ก User Funds Safe: Only operational treasury impacted
๐ถ Recovery & Bounty Program
๐ฏ CoinDCX launched an $11M (โน96 Cr) bounty for fund recovery
๐ Blockchain forensics underway to trace the stolen assets
๐ Suspected link to North Korean hacker groups under investigation
๐ถ How the Breach Happened
๐ Rahul Agarwal reportedly moonlighted in unauthorized freelance work
๐ฒ Malware was delivered via a WhatsApp call from a German number
๐ Hackers used this malware to bypass internal security
๐ถ Why It Matters
๐จ Raises concerns over insider risk in crypto exchanges
๐ก Highlights importance of strong endpoint security & compliance
๐ Could push regulators to tighten crypto industry oversight
๐ถ Takeaway for Investors
โ User funds remain safe
๐ CoinDCX is cooperating with law enforcement
๐ Stronger security audits are expected across exchanges