Overview

• On June 9, hackers exploited ABCD’s API to bypass OTP verification and sell ₹1.95 crore of digital gold from 436 customer accounts.
• ABCD detected the intrusion the same day, halted digital gold sales, and restored the affected holdings.
• Mumbai’s Central Region Cyber Police registered a case under the Bharatiya Nyaya Sanhita and the Information Technology Act as part of its investigation.
• ABCD sources its digital gold from MMTC-PAMP and processes all related transactions through Razorpay.
• The digital gold service is now live and secured as ABCD implements further safeguards in partnership with CERT-In, cyber insurers, and law enforcement.