CoinDCX Co-Founders Questioned Over Alleged ₹71.6 Lakh Fraud

CoinDCX, India's largest cryptocurrency exchange by valuation, is facing a fraud complaint linked to a fake website impersonating the platform.

The co-founders of CoinDCX, Sumit Gupta and Neeraj Khandelwal, were summoned for police questioning on March 21 following the filing of a First Information Report (FIR) on March 16.

The complainant, a 42-year-old insurance consultant from Mumbra, alleged losses of ₹71.6 lakh ($85,000) after investing in a scheme between August 2025 and March 2026 that promised 10-12% returns.

CoinDCX denied any wrongdoing, stating that impersonators operated an unrelated site to defraud the complainant and falsely used the founders' identities.