In what is arguably the biggest cyberattack on an Indian cryptocurrency company, Neblio Technologies Private Limited, located in Bengaluru, was allegedly robbed off Rs. 384 crore. The company owns CoinDCX, a cryptocurrency exchange platform.
The company claims that someone hacked Neblio's wallet and transferred $44 million (roughly Rs. 384 crore). An employee named Rahul Agarwal is at the focus of this inquiry since his laptop was hijacked to facilitate the alleged transfer.
Authorities investigating cybercrime are currently looking into the occurrence. When Hardeep Singh, Vice-President, Public Policy and Government Affairs, Neblio Technologies, learnt that the company's wallet had been compromised, the theft became apparent. Around 2.37 a.m. on July 19, cryptocurrency valued at Rs. 384 crore ($44 billion) was transferred to six separate accounts.
The company's internal investigation found that Rahul Agarwal's laptop had been compromised. Investigators discovered that Agarwal's personal account had received a transfer of Rs. 15 lakh. Agarwal stated he was working a part-time job when questioned.
In his complaint, Singh said that Agarwal had been expressly told not to use the laptop for any other reason and that it was only to be used for official business. Singh believes Agarwal may have conspired with unidentified individuals to execute the hack, according to police sources.
“As the matter is currently under active investigation by the relevant authorities, we are unable to share further details at this point to ensure the integrity of the process is not compromised. We urge the media and the public to avoid speculation or the circulation of unverified information, as it may impede the ongoing investigation,” a Nebilo spokesperson stated.
Police are still investigating the cyber robbery, which is among the largest crypto thefts reported in India. This incident illustrates crypto companies' increased vulnerability to high-stakes cyberattacks as use grows.