CoinDCX Insider Nabbed in Brazen $44M Crypto Heist—Security Failures Exposed

Crypto exchange CoinDCX reels as an employee gets cuffed for allegedly swiping $44 million in digital assets—proving once again that the biggest threats often come from inside the house.

How'd they pull it off? The details are still murky, but early reports suggest a mix of privilege abuse and lax internal controls. Classic.

Security wake-up call: While exchanges obsess over external hacks, this case screams 'inside job'—complete with a side of irony for an industry built on 'trustless' systems.

Bonus finance jab: At least traditional bankers wait until retirement to loot their employers—crypto teams move at blockchain speed.

Rahul Agarwal, a CoinDCX employee, was arrested for his connection to a major $44 million cryptocurrency theft. Hackers gained access by compromising Agarwal’s login credentials and installing malware on his official laptop. This allowed them to siphon funds from the company’s wallets into multiple accounts to hide the trail. Agarwal denied involvement, stating he was unaware and had been freelancing on the side. Authorities continue their investigation amid efforts to recover the stolen assets