Neblio Technologies Private Limited, the Bengaluru-based parent company of cryptocurrency exchange CoinDCX, has reported a massive cyber heist, with approximately ₹384 crore ($44 million) stolen from its digital wallets on July 19. This marks one of India’s largest crypto thefts.
The investigation, initiated after a complaint by Neblio’s Vice-President Hardeep Singh, points to the compromise of an employee’s laptop, Rahul Agarwal. An internal probe revealed ₹15 lakh transferred to Agarwal’s personal account, raising suspicions of potential collusion with unidentified individuals.
The stolen cryptocurrency was transferred to six different accounts, with some reports suggesting a connection to North Korean hacker cartels. Cybercrime authorities are analyzing blockchain data to trace the funds and culprits.
A Neblio spokesperson told Media, “As the matter is currently under active investigation by the relevant authorities, we are unable to share further details at this point to ensure the integrity of the process is not compromised. We urge the media and the public to avoid speculation or the circulation of unverified information, as it may impede the ongoing investigation.”
While CoinDCX asserts that customer funds in cold wallets are secure, the incident highlights the increasing vulnerability of cryptocurrency firms to sophisticated cyberattacks. Neblio Technologies has urged patience, requesting the public and media to avoid speculation during the ongoing investigation.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
