Latest news with #HardeepSingh
New Indian Express
31-07-2025
- Business
- New Indian Express
Staffer held for Rs 378 crore crypto theft from Bengaluru firm
BENGALURU: In a major online heist, cyber fraudsters hacked the digital wallet of Bengaluru-based Neblio Technologies Private Limited, a cryptocurrency exchange firm, and siphoned off Rs 378 crore. The Whitefield CEN police, who have registered a case, said that a company employee was arrested on suspicion of involvement in the fraud. According to the FIR filed on July 22 by Hardeep Singh, vice president of Public Policy and Government Affairs at the company, the theft occurred on July 19 around 2.30 am. The hacker initially transferred 1 USDT, a cryptocurrency, to another account. Nearly five hours later, USDT 44 million (approximately Rs 378 crore) was moved to six different accounts. The company found that the laptop of its employee Rahul Agarwal was hacked, and Rs 15 lakh was remitted to his account. When questioned, Agarwal claimed he was engaged in a part-time job, the FIR stated, adding the company strictly mandated that he was not allowed to use a laptop for other purposes. A senior police officer said that Agarwal, a resident of Sarjapur Main Road, was arrested on Sunday. Police are verifying whether Agarwal's laptop was hacked or if he himself masterminded the theft, or if there is a nexus between the arrested accused and others. He has been taken into police custody. The Whitefield CEN police have registered a case under sections 66 (computer related offences), 43 (penalty and compensation for damage to computer, computer system etc), 66(c) (indentity theft) and 66(d) (cheating by personation by using computer resource) of Information Technology Act and 303 (theft), 316 (4) (criminal breach of trust), 318 (4) (cheating), 319 (2) (cheating by personation) of BNS.
NDTV
30-07-2025
- NDTV
Hackers Steal Rs 380 Crore In Cryptocurrency From CoinDCX, Employee Arrested
Bengaluru: Bengaluru police are investigating a massive cryptocurrency theft from leading crypto exchange CoinDCX after hackers allegedly siphoned off nearly $44 million (approximately Rs 384 crore) from the company's wallets. The theft came to light on July 19, when CoinDCX detected suspicious activity in its systems. According to the First Information Report filed on July 22 by Hardeep Singh, Vice President of Public Policy and Government Affairs at CoinDCX, the hackers first carried out a small test transfer of just 1 USDT at 2:37 a.m. Hours later, they made a massive transaction worth $44 million To avoid detection, the stolen cryptocurrency was moved through multiple wallets, making it difficult to trace. During the investigation, police found evidence of possible insider involvement and arrested Rahul Agarwal, a CoinDCX employee. Sources said Agarwal had been freelancing using a company-issued laptop without permission and had reportedly earned around Rs 15 lakh over the past year. Investigators believe he may have worked with external hackers to pull off the heist. Cybercrime teams are now working with forensic experts to track the flow of funds and recover the stolen cryptocurrency.
News18
30-07-2025
- Business
- News18
CoinDCX $44-Million Crypto Heist: Bengaluru Police Probe Insider Involvement, Employee Arrested
During investigation, police uncover signs of possible insider involvement. Authorities arrested Rahul Agarwal, a CoinDCX employee, in connection with the theft. Bengaluru Police are investigating a major cryptocurrency theft from leading Indian crypto exchange CoinDCX, where hackers allegedly siphoned off nearly $44 million (about Rs 384 crore) in digital assets. The breach, which surfaced earlier this month, has raised serious concerns about cybersecurity and insider threats in the crypto ecosystem. The incident came to light on July 19, when CoinDCX detected suspicious activity within its systems. According to an FIR filed on July 22 by Hardeep Singh, Vice President of Public Policy and Government Affairs at CoinDCX, the hackers initially conducted a test transfer of just 1 USDT at around 2:37 a.m., before executing the large-scale heist just a few hours later. During the course of the investigation, police uncovered signs of possible insider involvement. Authorities arrested Rahul Agarwal, a CoinDCX employee, in connection with the theft. According to an NDTV report citing sources, Agarwal had been freelancing using his company-issued laptop without authorisation, and allegedly earned about Rs 15 lakh through these outside engagements over the past year. Investigators suspect he may have collaborated with external hackers to orchestrate the breach. Cybercrime Teams on the Trail of Funds Specialised cybercrime units and forensic experts are now analysing the transaction trail to locate and potentially recover the stolen cryptocurrency. The multi-wallet laundering technique used by the hackers has made the tracking process complex, but officials remain hopeful about identifying the end recipients, according to the report. The case highlights growing concerns over the security protocols at crypto exchanges and the risks posed by internal lapses, even as India's digital asset market continues to expand. CoinDCX, one of the country's largest cryptocurrency platforms, has yet to release a detailed public statement but is cooperating with investigators. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
29-07-2025
- Business
- Time of India
Supply of ethanol-blended petrol jumps more than 4-fold in four years
The ethanol-blended petrol supplied at the retail outlets of the public sector oil companies such as Indian Oil and Bharat Petroleum has shot up from 173 crore litres in Ethanol Supply Year (November-October) 2019-20 to more than 700 crore litres in Ethanol Supply Year (ESY) 2023-24, while there has also been a corresponding increase in blending percentage from 5 per cent in ESY 2019-20 to approximately 14.6 per cent in ESY 2023-24, the Parliament was informed on Monday. Further, for the ongoing Ethanol Supply Year (ESY) 2024-25, as of June 30, 2025, a total of 661.06 crore litres of ethanol has been blended with petrol, achieving a blending percentage of 18.93 per cent, Minister of State for Petroleum and Natural Gas Suresh Gopi told the Rajya Sabha in a written reply to a question. During the month of June 2025, ethanol blending of 19.92 per cent has been achieved. All retail outlets of Public Sector Oil Marketing Companies across the country, having petrol selling facilities, dispense E20 petrol, the minister added. Highlighting India's achievements in the biofuels sector, Petroleum Minister Hardeep Singh highlighted that nearly 20 per cent ethanol blending has been achieved in 2025, a significant rise from 1.53 per cent in 2014. This accomplishment has resulted in Rs 1.4 lakh crore in foreign exchange savings, substitution of 238 lakh metric tonnes of crude oil, a reduction of 717 lakh metric tonnes in CO2 emissions, and direct payments of Rs 1.21 lakh crore to farmers. Farmers have gained as the sugar mills that are also producing ethanol can now afford to pay higher prices for sugarcane and clear pending dues in time. Encouraged by the performance, the government decided to advance the target of 20 per cent ethanol blending in petrol from 2030 to ESY 2025-26. In order to achieve the 20 per cent ethanol blending target by ESY 2025-26, the government has taken several measures which include a detailed Roadmap for Ethanol Blending in India, expansion of feedstock for the production of ethanol, remunerative price for procurement of ethanol under the EBP Programme, lowering of the GST rate to 5 per cent on ethanol for EBP Programme, and an amendment in the Industries (Development & Regulation) Act for free movement of ethanol across states for blending. An interest subvention scheme for enhancement and augmentation of ethanol production capacity in the country; regular floating of Expression of Interest (EoI) by Public Sector oil marketing companies for procurement of ethanol has also been undertaken.
India.com
28-07-2025
- Business
- India.com
Supply Of Ethanol-Blended Petrol Jumps More Than 4-Fold In Four Years
New Delhi: The ethanol-blended petrol supplied at the retail outlets of the public sector oil companies such as Indian Oil and Bharat Petroleum has shot up from 173 crore litres in Ethanol Supply Year (November-October) 2019-20 to more than 700 crore litres in Ethanol Supply Year (ESY) 2023-24, while there has also been a corresponding increase in blending percentage from 5 per cent in ESY 2019-20 to approximately 14.6 per cent in ESY 2023-24, the Parliament was informed on Monday. Further, for the ongoing ESY 2024-25, as of June 30, 2025, a total of 661.06 crore litres of ethanol has been blended with petrol, achieving a blending percentage of 18.93 per cent, Minister of State for Petroleum and Natural Gas Suresh Gopi told the Rajya Sabha in a written reply to a question. During the month of June 2025, ethanol blending of 19.92 per cent has been achieved. All retail outlets of Public Sector Oil Marketing Companies across the country, having petrol selling facilities, dispense E20 petrol, the minister added. Highlighting India's achievements in the biofuels sector, Petroleum Minister Hardeep Singh highlighted that nearly 20 per cent ethanol blending has been achieved in 2025, a significant rise from 1.53 per cent in 2014. This accomplishment has resulted in Rs 1.4 lakh crore in foreign exchange savings, substitution of 238 lakh metric tonnes of crude oil, a reduction of 717 lakh metric tonnes in CO2 emissions, and direct payments of Rs 1.21 lakh crore to farmers. Farmers have gained as the sugar mills that are also producing ethanol can now afford to pay higher prices for sugarcane and clear pending dues in time. Encouraged by the performance, the government decided to advance the target of 20 per cent ethanol blending in petrol from 2030 to ESY 2025-26. In order to achieve the 20 per cent ethanol blending target by ESY 2025-26, the government has taken several measures which include a detailed Roadmap for Ethanol Blending in India, expansion of feedstock for the production of ethanol, remunerative price for procurement of ethanol under the EBP Programme, lowering of the GST rate to 5 per cent on ethanol for EBP Programme, and an amendment in the Industries (Development & Regulation) Act for free movement of ethanol across states for blending. An interest subvention scheme for enhancement and augmentation of ethanol production capacity in the country; regular floating of Expression of Interest (EoI) by Public Sector oil marketing companies for procurement of ethanol has also been undertaken.
