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

Posted on July 30, 2025 by Dissent

Express News Service reports:

Bengaluru-based Neblio Technologies Private Limited, the parent company of cryptocurrency exchange platform CoinDCX, said it has lost Rs 384 crore due to hacking, in one of the biggest cyber crimes reported in the country.

In a police complaint on July 22, Hardeep Singh, Vice-President, Public Policy and Government Affairs, Neblio Technologies, said that someone hacked into the company’s wallet to transfer cryptocurrency worth $44 million (Rs 384 crore) at around 2.37 am on July 19 to six different accounts.

During an internal investigation, the company found that the laptop of an employee, 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.

Read more at The Indian Express.


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Category: Business SectorInsiderNon-U.S.

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