CoinDCX engineer arrested for allegedly assisting in the outflow of $44 million in funds

ChainCatcher news, Indian cryptocurrency exchange CoinDCX engineer Rahul Agarwal was arrested by Bangalore police for allegedly assisting in a security incident that caused approximately $44 million (around 380 million rupees) in funds to be siphoned off.

The incident occurred on July 19, 2025, when CoinDCX detected a large amount of funds flowing from its wallets to multiple external addresses. Investigations revealed that Agarwal allegedly leaked system login credentials by installing malware, allowing attackers to infiltrate internal systems. The police have filed charges against him under provisions of the Indian Information Technology Act, and it was found that his accounts had financial transactions with the attackers. CoinDCX has launched an asset recovery bounty program, offering a reward of up to 25% of the recovered amount. (Finance Feeds)