Software Engineer Arrested After Hackers Loot $44 Million From CoinDCX
Main Idea
A software engineer at CoinDCX was arrested for allegedly aiding hackers in stealing $44 million from the company, using his work laptop to gain unauthorized access to company systems.
Key Points
1. Rahul Agarwal, a software engineer at CoinDCX, was arrested by Bengaluru police for his alleged involvement in a $44 million theft from the company.
2. The theft was discovered after an internal investigation by CoinDCX's parent company, Neblio Technologies, revealed unauthorized access via Agarwal's work laptop.
3. Agarwal denied involvement, but his laptop was seized as part of the ongoing investigation.
4. CoinDCX CEO Sumit Gupta confirmed the breach and stated that the company is cooperating with authorities.
5. This incident follows a similar attack on BigONE, where $27 million was stolen from a hot wallet.
Description
Police in Bengaluru, India, have taken a CoinDCX employee into custody following a crypto theft that hit the exchange in mid-July.
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