India, July 30 -- A 28-year-old man was arrested in connection with an alleged cyber fraud at a cryptocurrency trading platform which led to a loss of Rs.384 crore, the police said on Wednesday.

The complaint stated that an unidentified individual hacked into the crypto wallet of Neblio Technologies Private Limited on July 19 and transferred cryptocurrency worth $44 million (approximately Rs.384 crore) to an unknown wallet, according to PTI news agency.

The complaint was lodged by Hardeep Singh, vice-president (public policy and government affairs) of the company.

After the transfer, the assets were then moved to six different unknown wallets, PTI quoted police.

The man, identified as Rahul Agarwal, who has been taken into custody by ...