India, July 31 -- Investigation into CoinDCX's $44 Mn (nearly INR 380 Cr) crypto heist has led to a breakthrough with Bengaluru Police reportedly arresting a software engineer of the company after hackers allegedly used his login credentials to exploit confidential financial processes.

A TOI report said that the arrested employee has been identified as Rahul Agarwal (30), a resident of Carmelaram area and from Haridwar in Uttarakhand. The arrest follows a complaint by Neblio Technologies, which runs CoinDCX.

TOI reported that the case surfaced when Neblio Technologies' vice president for public policy, Hardeep Singh, informed police of unusual activity on the company's platform. An unknown person hacked into the CoinDCX system at 2.37 A...