Bengaluru police have arrested Rahul Agarwal, a CoinDCX software engineer, in connection with a $44 million (₹379 crore) exploit. The breach occurred on July 19, with a test transfer of 1 USDT at 2:37 am, followed by major fund siphoning by 9:40 am across six wallets.
An internal probe found Rahul's laptop was compromised, possibly through a Trojan from freelance gigs he took via WhatsApp from unknown foreign contacts. He claimed to be unaware of the breach, but police discovered ₹15 lakh in suspicious deposits in his account.
The hack was first flagged by on-chain investigator ZachXBT, prompting CEO Sumit Gupta to confirm the breach — 17 hours later. Investigations are ongoing.
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$BNB U.S. Economy Surprises Markets! | Q2 Update Here are the Top 2 Economic Bombshells just dropped Here are the Top 2 Economic Bombshells just dropped 👇
1️⃣ Inflation Update – Core PCE Price Index (QoQ)
📊 Actual: 2.5% 📉 Previous: 3.5% 🎯 Expected: 2.3% 🧊 Takeaway: Inflation is coming down but not as fast as expected — Fed still has reasons to stay alert.
2️⃣ Growth Shocker – Real GDP (QoQ)
🚀 Actual: 3.0% 📉 Previous: -0.5% 🎯 Expected: 2.4%
📈 Takeaway: Massive bounce-back! U.S. economy is growing faster than anyone thought.
💡 Market Impact? Rate hike or pause? These numbers will definitely influence the Fed’s next decision — and that means crypto, stocks, and gold could get volatile soon! ⚠️ Stay updated. Stay smart.