Pramesh S Jain
Nebilo Technologies in Bengaluru was hacked, and Rs.378 crore worth of cryptocurrency (44 million USDT) was stolen in Karnataka’s biggest cyber fraud.Whitefield Cyber Crime Police arrested employee Rahul Agarwal and are hunting for other culprits.
In a staggering cybercrime incident,Bengaluru police have uncovered a cryptocurrency fraud worth over ₹378 crore,marking it as one of Karnataka’s largest single cyber heists.The breach occurred at Neblio Technologies Pvt.Ltd.,a city-based crypto trading firm.
The incident surfaced after the company lodged a complaint at the Whitefield Cyber Crime Police Station, revealing that hackers infiltrated the company’s crypto wallet,first conducting a test transfer of 1 USDT at 2:37 AM,before siphoning off 44 million USDT—over ₹378 crore—around 9:40 AM the same day.
Investigations suggest that the breach may have occurred through a laptop issued to part-time employee Rahul Agarwal, who had been associated with the company for 5–6 years.
He had received Rs.15 lakh as payment for his freelance work.Police believe his device was the entry point for the attackers.
Company Details And Hacking Incident
Nebilo Technologies operates a cryptocurrency exchange platform.According to the complaint,the breach occurred on July 19,2025.
At 2:37 am,1 USDT was transferred from the company’s wallet to an unknown wallet.Later,at 9:40 am, cybercriminals illegally accessed the company’s server and transferred 44 million USDT (₹378 crore) to unknown accounts.
Rahul Agarwal has been arrested based on technical evidence linking him to the compromised system. Authorities suspect that internal access protocols were bypassed,enabling the massive digital transfer.
Additional Commissioner of Police East,Ramesh Banoth confirmed that the hack was executed using a company system and stated, “We are now tracing the money trail and identifying others possibly involved.”
The probe continues,with law enforcement agencies focusing on tracking the cryptocurrency movement and uncovering the network behind the breach.
A case has been registered at the Whitefield Cyber Crime Police Station,and one suspect has been arrested.
The Whitefield Cyber Crime Police are treating the matter with utmost seriousness and expressed confidence in nabbing the other accused soon he added.
