Myntra Scam: Hackers Exploit Refund Glitch, Steal Rs 50 Crore

Hackers exploited Myntra’s refund system to steal Rs 50 crore between March and June. Scammers placed fake orders for high-end items, then falsely claimed missing products to secure refunds. Myntra filed a complaint for Rs 1.1 crore in Bengaluru, and investigations point to a group in Jaipur. In response, Myntra’s parent company, Walmart, plans to revise its cancellation policies.