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Hackers wipe out Rs 384 crore from Bengaluru cryptocurrency firm Neblio Technologies; company says inside job | Bangalore News

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July 30, 2025
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Hackers wipe out Rs 384 crore from Bengaluru cryptocurrency firm Neblio Technologies; company says inside job | Bangalore News
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Bengaluru-based Neblio Applied sciences Non-public Restricted, the mum or dad company of cryptocurrency change platform CoinDCX, mentioned it has misplaced Rs 384 crore as a consequence of hacking, in one of many greatest cyber crimes reported within the nation.

In a police criticism on July 22, Hardeep Singh, Vice-President, Public Coverage and Authorities Affairs, Neblio Applied sciences, mentioned that somebody hacked into the company’s pockets to switch cryptocurrency price $44 million (Rs 384 crore) at round 2.37 am on July 19 to 6 completely different accounts.

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Throughout an inner investigation, the company discovered that the laptop computer of an worker, 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.

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A police officer mentioned Singh alleged within the criticism that Agarwal was given a laptop computer for workplace work, and it had been strictly mandated that he was not allowed to make use of it for different functions. Nonetheless, Agarwal ignored the company’s mandate, he mentioned.

Singh suspected that Agarwal would have joined palms with some unknown individuals to hack the cryptocurrency.

Whereas chatting with The Indian Express, a spokesperson of Neblio mentioned, “Because the matter is at the moment beneath energetic investigation by the related authorities, we’re unable to share additional particulars at this level to make sure the integrity of the method will not be compromised. We urge the media and the general public to keep away from hypothesis or the circulation of unverified data, as it might impede the continued investigation.”

The Whitefield CEN police have registered a case beneath sections 66 (laptop associated offences), 43 (penalty and compensation for injury to laptop, laptop system and so forth), 66(c) (indentity theft) and 66(d) (dishonest by personation through the use of laptop useful resource) of Data Know-how Act and 303 (theft), 316 (4) (legal breach of belief), 318 (4) (dishonest), 319 (2) (dishonest by personation) of Bharatiya Nyaya Sanhita (BNS).

The police mentioned they’re probing the matter additional.





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