A high-stakes crypto theft hits CoinDCX. Bengaluru police arrested 30-year-old engineer Rahul Agarwal in a $44M internal wallet breach.
๐ต๏ธโโ๏ธ It all started with a 1 USDT test tx at 2:37โฏa.m. on July 19. Hours later, $44M vanished into six wallets.
๐ป Investigators say Agarwal's company laptop was compromised via malware, allegedly linked to WhatsApp freelancing for unknown clients.
๐ฐ He reportedly received โน15 lakh (~$17K) before the breach.
๐ CoinDCXโs parent, Neblio, confirmed no customer funds were touched, and launched an $11M bounty to trace the stolen crypto.
๐จโ๐ป Experts call it a classic case of social engineeringโa growing risk in Web3. As one Redditor put it:
> โHeโs the victim, not the villainโฆ Letโs fix access control.โ
๐ This breach is pushing Indian regulators to reexamine crypto cybersecurity frameworks, especially in employee access protocols.
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