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Altcoins lead crash as $751M liquidated in last 24 hours and Bitcoin falls to July low

Rupesh Kumar Yadav

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Fear and greed index tumbles to 'neutral' as Bitcoin's $114,000 dip sparks liquidation wave$BTC 
 

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🚨“Sophisticated social engineering attack” CoinDCX declined to confirm or deny Agarwal’s arrest to Cointelegraph, referring to an X post by CoinDCX co-founder and CEO Sumit Gupta, who told the public on Thursday that the exchange cannot engage with media amid an ongoing investigation. “Based on our internal preliminary findings, this appears to be a sophisticated social engineering attack,” Gupta said in the post, adding that employees are often targeted in such attacks.$ETH

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🚨CoinDCX employee arrested in connection with $44M crypto hack: Report CoinDCX operator Neblio reportedly filed a complaint against software engineer Rahul Agarwal after discovering that his credentials had been compromised through his work laptop. An employee of CoinDCX, a cryptocurrency exchange that was hacked for $44 million in mid-July, was arrested in India in connection with a security breach, according to multiple local reports. Bengaluru City police detained CoinDCX software engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the exchange’s assets, The Times of India reported on Thursday. The arrest followed a complaint and internal investigation by CoinDCX operator Neblio Technologies, which determined that Agarwal’s credentials had been compromised via his work laptop, allowing unauthorized access to the company’s servers. During questioning as his laptop was seized, Agarwal, 30, denied involvement in the crypto theft, but admitted to taking on part-time work for up to four private clients while still employed at CoinDCX. $WCT

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WOO X team member’s device accessed Rob Behnke, chairman of blockchain security firm Halborn, said in a report on Tuesday that bad actors responsible for the WOO X hack used social engineering to target one of the firm’s team members and access their devices. “In this case, the attacker used social engineering to compromise a team member’s computer. From there, they could pivot to the development environment and exploit trust in the system to drain user accounts,” he said. “The attacker successfully performed multiple malicious transactions over the course of two hours before the suspicious activity was noticed and the platform disabled withdrawals.” $WCT $USDC

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🚨CoinDCX hack the biggest for July 📅

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🚨PeckShield said the attacker who exploited the GMX decentralized exchange for $40 million in crypto on July 11, the second largest hack for the month, returned the stolen funds days later. $YFI $DATA

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