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flag Indian crypto exchange CoinDCX co-founders arrested over ₹71.6L fraud via fake website impersonating platform.

flag 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. flag The victim, an insurance advisor, claimed he lost money after being promised high returns and franchise opportunities. flag CoinDCX denies involvement, stating the case stems from a coordinated impersonation scam, with no funds diverted to its accounts. flag 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.

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