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Home Cryptocurrency

Software Engineer Arrested for Cryptocurrency Theft

A Bengaluru firm lost Rs 56 crore as a software engineer allegedly siphoned cryptocurrency from company wallets.

by John Darbie
Wed, Sep 11, 2024 8:45pm
in Cryptocurrency
• 2 mins read
14.1k
Software Engineer Arrested for Cryptocurrency Theft | FinOracle

Photo: Finoracle.net

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Background of the Case
In a shocking incident, a software engineer was arrested for allegedly stealing cryptocurrency worth Rs 56 crore from a Bengaluru-based firm. The accused, Shubhang Jain, a 26-year-old BTech graduate, was employed at Cipher Technologies Private Limited. With a background in handling market analytics and finance, Jain was given complete access to manage the company’s digital assets.

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