A cyberattack was reported in Mumbai’s Prabhadevi area, where digital gold worth ₹2 crore was allegedly stolen from over 400 accounts. The incident occurred on June 9 at the money management subsidiary of Aditya Birla Capital Limited. The fraud came to light after multiple users contacted the company’s call centre, stating their digital gold holdings had been sold without consent. Unusual activity in digital gold worth Rs 1.95 crore has been noticed in 435 accounts. Aditya Birla Capital Limited has filed an FIR on the case. However, several affected customers also took to social media to raise complaints.
What Company Said
According to the company officials, all affected digital gold holdings have been restored. According to them all those accounts remain active and secure. They added that gold transfers from the affected accounts have been blocked, and the security breach has been fixed. An investigation is underway to find those behind the attack. The Mumbai Cyber Police is investigating. Aditya Birla Capital Digital is also working with its cyber insurance partners, law enforcement agencies, and CERT-In to implement further security measures.
How Was The Attack Carried Out
The attack was carried out by hacking the programming interface and server of Aditya Birla Capital Digital Limited’s ABCD application. The OTP verification system, which is used to authorise digital gold transfers, was disabled. The breach came to light after users complained that gold had been transferred from their accounts without permission. Following this, the company temporarily disabled the option to sell digital gold. It has since been stated that the issue has been resolved.
What Is A Digital Gold Heist?
“Digital Gold Heist” refers to the theft of digital gold assets, typically through cyberattacks, app vulnerabilities, or account breaches on online platforms where users buy, store, or trade gold digitally. This can involve:
Selling tolen digital gold for money
Hacking mobile apps or platforms
Disabling security features like OTP
Transferring digital gold to fake accounts
