Police in Bengaluru, India arrested a COINDCX software engineer in connection with theft of 3.79 billion Rupees ($ 43.4 million) In crypto assets from the exchange last month, Times of India reported on Thursday.
Local police have identified the suspect as 30-year-old Rahul Agarwal, whose offices released by the office are said to have been used to access the internal systems of COINDCX and Start unauthorized shift On July 19. The stolen property -owned were raised in six wallets in a coordinated violation, according to investigators.
Agarwal denied direct participation, but admitted to freelancing for unknown clients abroad. He also received 1.5 million Rupee deposits and a WhatsApp call from a German number shortly before the incident. Police are investigating whether the misuse of malware or credentials at his side work activates the hack.
The exchange company of the exchange, Neblio Technologies, conducted an internal investigation and confirmed that all customer ownership will remain safe. Coindcx said it would absorb losses from its own treasury.
The incident raised concerns over internal security and potential links to international hacking groups. Authorities are possible to participate in North Korea, the echoing tactics used in previous crypto -related violations.
Stolen funds have not been recovered. Investigations continue.
