Overview
- Bengaluru’s Whitefield Cybercrime and city police have detained software engineer Rahul Agarwal after tracing the breach to his compromised company laptop.
- Hackers tested access with a 1 USDT transfer before siphoning $44 million from an operational wallet on July 19 and routing it through six separate accounts.
- CoinDCX confirmed that customer funds remained secure and absorbed the operational loss from its own reserves.
- The exchange is offering up to 25% of any recovered assets to security researchers and ethical hackers who aid the recovery effort.
- Investigators are tracking the dispersed funds and probing unconfirmed ties to North Korean hacker syndicates as the probe continues.