CoinDCX Promoters Arrested by Thane Police on Criminal Breach of Trust Charges

CoinDCX Founders Sumit Gupta and Neeraj Khandelwal Arrested Following Fraud FIR; Company Says Fake Websites Mimicking Crypto Exchange To Scam Investors | 📲 LatestLY

CoinDCX has clarified that an FIR filed against its co-founders, Sumit Gupta and Neeraj Khandelwal, is the result of a "conspiracy" involving impersonation. This comes after it was reported that the duo were arrested. The exchange flagged 1,212 fake websites mimicking its platform to scam investors. CoinDCX is cooperating with authorities to prove the complainants were victims of these third-party frauds. 📲 CoinDCX Founders Sumit Gupta and Neer…

CoinDCX promoters arrested by Thane police on criminal breach of trust charges

CoinDCX said an FIR against its cofounders relies on false allegations linked to impersonation fraud. Fraudsters posed as founders, diverting funds to third-party accounts. The company reported over 1,212 fake websites between April 1, 2024 and January 5, 2026 and said that it is cooperating with authorities. CoinDCX also warned of rising cyber fraud in India’s digital finance ecosystem.

CoinDCX co-founders face FIR; firm flags impersonation through fake website

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were called in for a probe at a police station in Mumbai on March 21, sources told Moneycontrol.

CoinDCX Founders Arrested in Fraud Case; Company Blames Impersonators

TLDR: CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were arrested by Thane Police over an alleged Rs 71.6 lakh fraud. The complainant was promised high returns and franchise opportunities linked to CoinDCX between August 2025 and February 2026. CoinDCX says fraudsters impersonated its founders and diverted funds to accounts unrelated to the exchange. Between April 2024 and January 2026, CoinDCX reported over 1,212 fake websites imperson…

CoinDCX Denies Any Link to Fraud as Founders Cited in India Investigation

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were reportedly drawn into a police investigation in India over the weekend tied to an alleged cryptocurrency-related fraud case, with conflicting reports on whether the pair were formally arrested or questioned. CoinDCX Calls FIR ‘False’ as Founders Face Scrutiny in India Crypto Fraud Case Several reports note that […]

Rs 71 Lakh Crypto Fraud: CoinDCX Co-Founders Nabbed, Firm Calls It Fake - Report Wire

The crypto community is buzzing after Mumbai cops arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal in connection with a purported Rs 71 lakh scam. An FIR at a city police station accuses them of orchestrating a cryptocurrency con that left one investor high and dry. Details from the FIR paint a picture of calculated deceit, with the victim losing lakhs to fraudulent crypto dealings. After initial questioning sessions, the police mo…