CoinDCX Hack Investigation Takes a Dramatic “Inside Job” Turn

• Police in India have arrested a CoinDCX software engineer in connection with the exchange’s recent $44 million hack
• The breach was reportedly traced to login credentials from the employee’s single, company-issued laptop
• Investigators also uncovered a suspicious, unexplained payment of over $17,000 to the employee’s account.

The investigation into the massive CoinDCX hack took a dramatic turn when the police arrested a CoinDCX employee in connection with the heist, which saw approximately $44 million illegally transferred from the Indian crypto exchange’s systems to external wallets.

Employee Arrested in $44M CoinDCX Crypto Theft

Employee Rahul Agarwal arrested; malware found on his company laptop.

Hackers likely accessed the system via malicious file sent on WhatsApp.

Credentials compromised, funds moved to 6 crypto wallets.

Agarwal claims… pic.twitter.com/CJUDXBpnxf

— Karan Singh Arora (@thisisksa) July 31, 2025

Who is the employee and how was he involved?

The employee in question is Rahul Agarwal, a 30-year-old software engineer based in Bengaluru, a city known as India’s Silicon Valley. He was arrested by local police on July 26. 

Agarwal wa…

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