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Indian crypto exchange CoinDCX co-founders arrested over ₹71.6L fraud via fake website impersonating platform.
Indian crypto exchange CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were arrested by Thane Police on March 21 in connection with a ₹71.6 lakh fraud case involving a fake website impersonating the platform.
The victim, an insurance advisor, claimed he lost money after being promised high returns and franchise opportunities.
CoinDCX denies involvement, stating the case stems from a coordinated impersonation scam, with no funds diverted to its accounts.
The company reported over 1,212 fake websites using its brand between April 2024 and January 2026 and is cooperating with authorities while urging users to remain vigilant against cyber fraud.
Los cofundadores del intercambio de criptomonedas indio CoinDCX fueron arrestados por fraude de ₹ 71.6L a través de una plataforma de imitación de sitio web falso.