CoinDCX Hack Investigation Takes a Dramatic “Inside Job” Turn
Main Idea
An employee of Indian crypto exchange CoinDCX was arrested for allegedly orchestrating a $44 million theft from the company's systems, with evidence pointing to an inside job involving malware and compromised credentials.
Key Points
1. Rahul Agarwal, a 30-year-old software engineer at CoinDCX, was arrested for his alleged involvement in the theft of $44 million from the exchange.
2. The theft occurred on July 19, 2025, with funds transferred to six external crypto wallets.
3. Malware was found on Agarwal's company laptop, and hackers likely accessed the system via a malicious file sent through WhatsApp.
4. Agarwal denied involvement but admitted to freelance work for private clients and received an unexplained payment of $17,116.
5. The investigation revealed compromised credentials during internal checks by Neblio Technologies, the holding company.
Description
Police in India have arrested a CoinDCX software engineer in connection with the exchange’s recent $44 million hack The breach was reportedly traced to login credentials from the employee’s single, company-issued laptop Investigators also uncovered a suspicious, unexplained payment of over $17,000 to the employee’s account. The investigation into the massive CoinDCX hack took a dramatic turn when the police arrested a CoinDCX employee in connection with the heist, which saw approximately $44 mil...
Latest News
- Rate Cuts Threaten Profits of Stablecoin Giants Tether and Circle2025-08-15 14:53:46
- FTX News: Next Distribution Set on 30th Sep After Today’s Record Date2025-08-15 13:26:30
- Cardano Approaches Breakout as $1 Resistance Faces Critical Test2025-08-15 09:49:12
- XRP (XRP) Price Prediction for August 162025-08-15 09:10:25
- Solana (SOL) Price Prediction for August 162025-08-15 09:10:08