30-07-2025
Rs 378 crore cryptocurrency stolen from Bengaluru firm, police arrest insider
Bengaluru police have uncovered a massive cybercrime involving the theft of over Rs 378 crore from a city-based cryptocurrency exchange, Neblio Technologies Pvt. Ltd. One suspect has been arrested in what authorities are calling one of Karnataka's biggest single-case cyber heists to incident came to light after the company filed a complaint at the Whitefield Cyber Crime Police to the FIR, hackers gained unauthorised access to Neblio Technologies' wallet, initiating what appeared to be a test transfer of 1 USDT, a cryptocurrency, at 2.37am. Hours later, at 9.40 am, the main hack was executed, transferring 44 million USDT, valued at over Rs 378 crore, to another wallet.
An internal investigation by the company pointed to a possible breach through a laptop issued to part-time employee Rahul Agarwal, who had received Rs 15 lakh for his services. Investigators believe the hackers may have used Rahul's laptop to infiltrate the company's police have arrested Rahul, who is reportedly linked to the compromised device, based on substantial evidence. He has been associated with the company for 5 to 6 years.'A complaint has been raised by the cryptocurrency trading company Coinbase. An employee, using the office system, allegedly breached company protocols and transferred nearly 44 million USD,' said Ramesh Bhanot, Additional Commissioner.'The transaction was made using the company's system. One suspect has been arrested. We are now investigating the route of the money and the people behind the transfer.'- EndsWritten by Jeena Mary George
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