An engineer at Indian cryptocurrency exchange CoinDCX has been arrested for inadvertently assisting hackers in a $44 million security breach by allowing malware installation via part-time work activities.
The theft occurred when malware infected the employee’s computer, granting unauthorized access to internal systems. Investigators confirmed the malicious software was a keylogger that captured login credentials. This enabled perpetrators to remotely penetrate CoinDCX’s network infrastructure and execute the major cryptocurrency theft.
Authorities report that the arrested employee received 1.5 million rupees for their part-time work, which was directly linked to the security compromise. Neblio Technologies, CoinDCX’s parent company, formally reported the breach to cybercrime authorities in Bangalore upon its discovery, initiating the investigation that led to the arrest.
Following the incident, CoinDCX has implemented reinforced cybersecurity protocols to prevent similar compromises. The exchange continues to cooperate with law enforcement agencies as the investigation into the attack progresses.