Bengaluru Cyber Heist: Rs 384 Crore Cryptocurrency Stolen from Neblio Technologies

Neblio Technologies Private Limited, the parent company of cryptocurrency exchange CoinDCX, has reported a massive cyber theft amounting to Rs 384 crore. The breach, which occurred on July 19 at around 2:37 am, involved the unauthorized transfer of cryptocurrency worth $44 million to six separate accounts.

The company's Vice-President of Public Policy and Government Affairs, Hardeep Singh, filed a police complaint on July 22 with the Whitefield CEN police. An internal probe revealed that the laptop of employee Rahul Agarwal had been compromised. Authorities said approximately Rs 15 lakh was transferred to Agarwal's account, raising suspicion.

When questioned, Agarwal claimed he was engaged in a part-time job. However, according to the complaint, the company had issued the laptop strictly for office use and had clearly instructed employees against personal use. Singh has alleged that Agarwal violated this policy and may have colluded with unidentified individuals to facilitate the breach.

Legal Action Underway

The police have registered a case under multiple sections of the Information Technology Act and the Bharatiya Nyaya Sanhita (BNS), including charges of identity theft, computer-related offences, criminal breach of trust, and cheating by personation.

Company Appeals for Caution

Talking to the media, an official from Neblio Technologies said:

"As the matter is under active investigation, we cannot share further details to ensure the integrity of the process. We urge the public and media to avoid speculation or spreading unverified claims that could impact the probe."

The investigation continues to uncover the full scope of the breach and identify any additional suspects involved in the cyberattack.