Indian crypto platform CoinDCX co-founders summoned by local police

KuCoinFlash

Release Time: 03/22/2026 09:35:36

Summary

Cryptocurrency news emerged on March 22, 2026, as two co-founders of the Indian crypto platform CoinDCX were summoned by local police over alleged investment fraud. Reports clarified that no arrests were made. CoinDCX responded, stating the case involved an impersonator who defrauded an insurance advisor of 7.1 million rupees. The exchange emphasized that its co-founders had no involvement. Authorities continue to investigate under evolving cryptocurrency regulations.

BlockBeats report, on March 22, Sumit Gupta and Neeraj Khandelwal, co-founders of Indian cryptocurrency exchange CoinDCX, which is backed by Coinbase, were taken into custody by police over suspected involvement in a cryptocurrency investment scam; however, other local media reports stated that the two were only summoned, not arrested.

CoinDCX issued a statement clarifying that this case involved an individual impersonating a CoinDCX founder, resulting in an insurance advisor being defrauded of 7.1 million rupees (approximately $75,000), and has no connection to the two founders.

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