Hackers wipe out Rs 384 crore from Bengaluru cryptocurrency firm Neblio Technologies company says inside job Bangalore News The Indian Express

pBengalurubased 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 countryppIn a police complaint on July 22 Hardeep Singh VicePresident Public Policy and Government Affairs Neblio Technologies said that someone hacked into the companys wallet to transfer cryptocurrency worth 44 million Rs 384 crore at around 237 am on July 19 to six different accountsppDuring 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 parttime jobppA police officer said Singh alleged in the complaint that Agarwal was given a laptop for office work and it had been strictly mandated that he was not allowed to use it for other purposes However Agarwal ignored the companys mandate he saidppSingh suspected that Agarwal would have joined hands with some unknown persons to hack the cryptocurrencyppWhile speaking to The Indian Express a spokesperson of Neblio said 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 investigationppThe Whitefield CEN police have registered a case under sections 66 computer related offences 43 penalty and compensation for damage to computer computer system etc 66c indentity theft and 66d cheating by personation by using computer resource of Information Technology Act and 303 theft 316 4 criminal breach of trust 318 4 cheating 319 2 cheating by personation of Bharatiya Nyaya Sanhita BNS ppThe police said they are probing the matter further ppStay updated with the latest Click here to follow us on InstagramppYou May LikeppThe Supreme Court questioned Justice Varmas conduct and reserved its order on his petition challenging the inquiry procedure and Chief Justices recommendation for removal Senior advocate Sibal argued that the recommendation was unconstitutional and would set a dangerous precedent The inquiry panel found Varma guilty of misconduct for controlling storeroom with large amount of undisclosed cashp