MobiKwik hit by glitch: Rs 40 crore sent from its a/c in 48 hours via 5 lakh UPI transactions

MobiKwik suffered a significant financial blow, losing ₹40 crore in just 48 hours due to a glitch in its system that allowed unauthorized UPI transactions. The fraud, which occurred on September 11 and 12, came to light after the arrest of six individuals, with authorities suspecting insider involvement.