CoinDCX co-founders were granted bail after a court concluded there was no prima facie case of cheating against them. The crypto firm said the arrests were triggered by a fraudulent website impersonating CoinDCX, deceiving a complainant. CoinDCX added that its official platform is “.pro” and claimed it was also a victim of the scam.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal over alleged cryptocurrency fraud of Rs 71.6 lakh. The FIR was registered on March 16, and the two were apprehended in Bengaluru. The case raises fresh questions about how crypto platforms handle customer funds and disclosures.
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