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MobiKwik duped of ₹40 crore in 2-day UPI fraud
short by / on Wednesday, 17 September, 2025
Digital wallet firm MobiKwik lost ₹40.2 crore after a glitch in its updated system allowed users to bypass wallet limits and even incorrect PIN entries. Nearly 5 lakh transactions were made on September 11-12. Six men have been arrested, while police probe insider involvement. Around ₹14 crore has been recovered so far.
read more at Asianet Newsable