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A MobiKwik software glitch enabled ₹40 crore in fraud via 500,000 fake UPI transactions in two days, September 2025.
A software glitch at digital wallet provider MobiKwik allowed nearly 5 lakh fraudulent UPI transactions, draining about ₹40 crore from user wallets in two days in September 2025.
The flaw, triggered by a recent update, bypassed balance checks and incorrect PIN requirements.
Authorities froze ₹8 crore and arrested six individuals, with more arrests expected.
This marks MobiKwik’s second major breach, following a ₹19 crore fraud in 2017.
The company is pursuing recovery and legal action, with police investigating potential insider involvement.
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Un fallo en el software de MobiKwik permitió el fraude de ₹ 40 crores a través de 500,000 transacciones UPI falsas en dos días, septiembre de 2025.