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Bengaluru techie arrested in CoinDCX theft
Bengaluru Police have arrested 30-year-old software engineer, Rahul Agarwal, in the CoinDCX theft case.
The accused techie worked at the Indian cryptocurrency exchange CoinDCX and siphoned nearly $44 million (approx. ₹384 crore) from its treasury assets.
About the accused techie
Rahul Agarwal lives in Carmelaram and is originally from Haridwar, Uttarakhand.
Hardeep Singh, Vice-President of Neblio Technologies, which runs CoinDCX, said Rahul was a permanent employee who had been given a laptop for office work.
The company noticed that someone had hacked into their system early in the morning on July 19, transferring a small amount of cryptocurrency. Then, by 9:40 am, the hacker stole $44 million (approx. ₹384 crore) of digital assets and sent it to six different wallets.
It was revealed during the company’s investigation that the security details on Rahul’s laptop were compromised, allowing the hacker to access their server. Police seized Rahul’s laptop and interrogated him.
He denied being involved in the theft but admitted taking extra work from 3-4 private clients without knowing their details.
Investigators also found out that Rs 15 lakh had been deposited into Rahul’s bank account from an unknown source. Rahul said he received a WhatsApp call from a German number asking him to complete some files.
He claimed that one of those files might have been a trap the hacker set to get into his work system. The accused said he was unaware of the theft until the company called him in. The Whitefield CEN crime police arrested techie Rahul Agarwal on July 26.
CoinDCX, one of India’s leading cryptocurrency platforms, is cooperating with law enforcement and cybercrime experts in the ongoing investigation.
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