₹40 Crore MobiKwik Scam: 6 Arrested, Shocking Security Flaws Exposed!

₹40 crore MobiKwik scam: 6 arrested, shocking security flaws exposed!

A ₹40 crore fraud in MobiKwik app sparks demands for stricter regulation of fintech platforms

MobiKwik fraud triggers demand for deeper probe into fintech platforms (Lead) - tennews.in: National News Portal

New Delhi, Sep 17 (IANS) A major fraud of around Rs 40 crore has raised serious concerns about the safety of fintech platforms after Gurugram Police arrested six people for exploiting a technical glitch in the MobiKwik app. The incident has triggered calls for a deeper investigation into why such glitches are frequently occurring, putting […] The post MobiKwik fraud triggers demand for deeper probe into fintech platforms (Lead) appeared first on…

MobiKwik Fraud Case: INR 40 Crore Lost

Between September 11 and 12, some registered merchants and users cheated the publicly traded fintech business MobiKwik out of INR 40 Cr. The business alleged in an exchange filing that certain users and merchants from a few Haryana regions conspired to obtain an "unfair monetary advantage" by stealing money from the company.According to the corporation, arrests have also been made after it filed a formal complaint in Gurugram. It further stated …

MobiKwik Loses Rs 40 Cr in 48 Hours: What It Means for UPI Users

Cyberattack Exploiting Software Glitch Raises Alarms for Digital Payment Security GURGAON (India CSR): In a major blow to India’s digital payment ecosystem, MobiKwik, a prominent fintech platform, has reported a staggering Rs 40 crore loss due to a cyberattack that exploited a critical software vulnerability. Over just 48 hours on September 11 and 12, 2025, fraudsters executed over 500,000 unauthorized UPI transactions, draining funds from the c…

₹40 Crore Fraud In MobiKwik App: Six Arrested For Exploiting Glitch - The Commune

A major fraud of around Rs 40 crore has raised serious concerns about the safety of fintech platforms after Gurugram Police arrested six people for exploiting a technical glitch in the MobiKwik app.  The incident has triggered calls for a deeper investigation into why such glitches are frequently occurring, putting millions of users at risk. According to police, the glitch in the MobiKwik app allowed transactions to be recorded as successful eve…

MobiKwik Loses INR 40 Cr In Fraud, Says INR 14 Cr Recovered

Listed fintech company MobiKwik was defrauded of INR 40 Cr by some registered merchants and users between September 11 and 12. In an exchange filing, the company said that some merchants and users, in collusion with each other from limited locations of Haryana, claimed unauthorised settlement from the company with an intent to gain an “unfair monetary advantage”. The company said that it filed an FIR in Gurugram and arrests have also been made. …