18 Sep 2025 | 5 Mins Read
MobiKwik hit by ₹40 crore tech glitch-linked fraud, six arrested
Flipitmoney
MobiKwik suffered a major security breach resulting in ₹40 crore siphoned off over two days. The Gurugram Police froze 2,500 bank accounts holding ₹8 crore. Six people were arrested and ₹9 lakh recovered, leaving ₹26 crore in net impact. Insider involvement is suspected, with ₹14 crore recovered by the company. The breach came after a recent software update.