#CoinDCX Employee Arrested in $44M Crypto Heist

Bengaluru police have arrested Rahul Agarwal, a CoinDCX software engineer, in connection with a $44 million (₹379 crore) exploit. The breach occurred on July 19, with a test transfer of 1 USDT at 2:37 am, followed by major fund siphoning by 9:40 am across six wallets.

An internal probe found Rahul's laptop was compromised, possibly through a Trojan from freelance gigs he took via WhatsApp from unknown foreign contacts. He claimed to be unaware of the breach, but police discovered ₹15 lakh in suspicious deposits in his account.

The hack was first flagged by on-chain investigator ZachXBT, prompting CEO Sumit Gupta to confirm the breach — 17 hours later. Investigations are ongoing.

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