Coindcx Employees Arrest Crypto theft over $ 44m: Report

An employee of Coindcx, a Cryptocurrency Executive that was hacked for $ 44 million in mid -July, was arranged in India in relation to a second.

The Bengaluru City Police detained Coindcx software engineer Rahul Aggarwal after hackers managed to compromise their login credentials in Siphon on Thursday.

A complaint and an arrest after an international investigation by Coindcx Operator Neblio Technologies, which determined that Agarwal’s credibility was compromised through work laptops, which has unauthorized access to the company’s server.

Questioning as his laptop, 30 -year -old, Aggarwal refused to participate in crypto, but accepted part -time work for four private customers, while still has employment in coindcx.

“Refined social engineering attack”

Coindcx refused to confirm the arrest of DNY Agarwal for cointelegraph, referring to an X post by Coindcx co-founder and CEO Sumit Gupta, who told the public on the post-house Thursday that the execution could not be attached to the media between an ongoing investigation.

“Based on our internal initial findings, this appearance is a sophisticated social engineering attack,” Gupta said, “it is said to target Employees in such attacks.

A coining spokesperson said, “We urge the media and the public to avoid the circulation of speculation or unaware information, as it is disrupting the ongoing investigation.”

Aggarwal’s professional background

Citing the vice -president of Nablio for public policy, Hardip Singh, Bangalore police allegedly stated that the Ared employee was a permanent staff member and was released laptop Streetley for his role. Coindcx united for the Times of India.

Aggarwal was investigating after Nelaio Discovery that an unknown person was hacked the system during the night on 19 July and a tether USDT (USDT) Stablecoin was transferred to a wallet. Later the moving moving, hackers took a $ 44 million dip and transferred the fund to six wallets.

To be agarwal for a linkeden profile purpose, organized coindcx has been with coindcx for two years, building his care in devops domains.

He started as a senior software engineer in May 2023, worked far from Bangalore, Karnataka. In this role two years later, he was promoted as Staff Engineer in April 2025, a possession he currently placed and performs on the site.

Connected: Coindcx refuses to be acquired by Coinbase

For the Indian Express, police officials said that hackers cheated Aggarwal for installing malware on their office laptops.

Coindcx CEO Gupta said that the exchange was hacked on July 19.

He said that no user funds were affected by fund exploitation, saying that hackers compromised with one of the International accounts of Coindcx used for “liquidity provisions” with another execution through the server breech.