CoinDCX Co-Founders Questioned Over Fake Website Scam
CoinDCX, India's largest cryptocurrency exchange by valuation, is facing a fraud complaint linked to a fake website impersonating the platform. The company's co-founders, Sumit Gupta and Neeraj Khandelwal, were summoned for police questioning on March 21 in connection with the case.
The complainant, a 42-year-old insurance consultant from Mumbra, alleged losses of ₹71.6 lakh (roughly $85,000) after investing in a scheme between August 2025 and March 2026 that promised 10-12% returns.
CoinDCX denied any wrongdoing, stating that the impersonators operated an unrelated site to defraud the complainant and falsely used their identities. The company claimed funds were diverted to third-party accounts unrelated to the exchange, and that the victim had not contacted CoinDCX before filing the complaint.