Archive · 31 Jul 2025
CoinDCX Crypto Heist: Engineer Arrested in $44 Mn Theft
A software engineer named Rahul Agarwal was arrested in Bengaluru for a large theft of cryptocurrency.
Hackers used his login information to steal about $44 million from a crypto company called CoinDCX.
The company is now working with the police and also offering a reward for help in getting the money back.
Agarwal says he didn't do it, but he admits to doing extra freelance work, which might have allowed the hackers to get his login details.
The investigation is ongoing, with cybersecurity firms helping to trace the stolen funds.
Bengaluru police arrested Rahul Agarwal, a CoinDCX software engineer, in connection with a $44.2 million crypto heist.
Hackers allegedly used Agarwal's compromised login credentials to access CoinDCX's internal systems and transfer funds.
The cyberattack occurred on July 19, draining funds from an internal wallet used for liquidity provisioning.
Agarwal denied involvement but admitted to moonlighting, potentially exposing his credentials.
CoinDCX launched a bounty program offering up to 25% of recovered assets to aid in recovery efforts.
- Who
- Rahul Agarwal, a CoinDCX software engineer, is the arrested suspect; police are investigating.
- What
- A $44.2 million cryptocurrency heist from CoinDCX led to the arrest of a software engineer.
- When
- The cyberattack occurred on July 19.
- Where
- Bengaluru, India.
- Why
- The motive appears to be financial gain through the theft of cryptocurrency.
Law Enforcement & Company
Suspect's Perspective
Investigation Status
Law Enforcement & Company
Actively investigating the incident, tracking funds and investigating potential involvement of other individuals.
Suspect's Perspective
Unclear.
- Company Hacked
- CoinDCX
- Stolen Amount
- $44.2 million (approx. INR 380 crore)
- Incident Date
- July 19
- Arrested
- Rahul Agarwal
- Suspect's Role
- Software Engineer
Sources
Hackers wipe out Rs 384 crore from Bengaluru cryptocurrency firm Neblio Technologies; firm says inside job
Man arrested in Rs 384 cr crypto fraud case in Bengaluru
Hackers installed malware on laptop of Bengaluru crypto exchange CoinDCX’s staffer to steal Rs 384 crore: police
CoinDCX crypto theft: What we know so far
Man arrested in Rs 384 cr crypto fraud case
Bengaluru Cryptocurrency Firm Falls Prey To Massive Cyber Heist, ₹384 Crore Stolen From Wallet
