In a major cybercrime case, Karnataka’s Criminal Investigation Department (CID) found that a Bengaluru crypto exchange lost ₹368 crore due to a fraud involving an employee. The man, Kiran, worked part-time for fraudsters while also employed at the exchange from May 2023. He was hired without a contract and assigned genuine website work to earn his trust. Over a year, Kiran was paid ₹15 lakh, unaware he was being used as bait. In July 2025, after opening a seemingly harmless file sent by the scammers, Kiran’s laptop was hacked. The fraudsters then used his admin access to steal private keys and transfer the cryptocurrency from the company’s wallets to multiple wallets, finally ending in one unknown wallet. Despite tracing the transaction path, CID has not identified the wallet owner. The company has since improved its security. Authorities warn that moonlighting can be risky, especially when dealing with skilled fraudsters. They advise tech workers to be cautious of scams tied to part-time jobs and crypto frauds.