CoinDCX fraud: What unfolded during 96 hours from founders' arrest to bail

CoinDCX fraud: What unfolded during 96 hours from founders' arrest to bail

After a scam, FIR, arrest, and court proceedings, the founders were found to have been wrongly arrested.

CoinDCX Founders Get Relief in Fraud Case

Mumbai, March 26 (Udaipur Kiran): A court in Thane, Maharashtra, has dismissed the fraud case against CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal, stating that no prima facie evidence was found against them in connection with an alleged fraud of Rs 71 lakh. The court also granted bail to both co-founders, noting that the complaint did not establish their involvement in the case at the initial stage. According to the proceedings, both t…

Indian Court Acquits CoinDCX Founders in Impersonation Fraud

The court has released CoinDCX founders on bail following fraud accusations. Gupta and Khandelwal were impersonated by a third party to defraud an investor. CoinDCX demanded that fraudsters should be held accountable, not lawful institutions. An Indian magistrate in Thane has granted bail to CoinDCX co-founders Sumit Surendra Gupta and Niraj Ashok Khandelwal in a ₹71 lakh cheating complaint against them, linked to a fake trading platform posing …

Court Drops Fraud Case Against CoinDCX Founders, Says No Evidence Found

A Thane court has ruled that there is no case against CoinDCX co-founders in an impersonation-linked fraud. The court found no evidence connecting them to the alleged scam, which was carried out by individuals posing as the founders. The decision offers relief to the company while highlighting risks of impersonation in the crypto sector.

CoinDCX Co-Founders Exonerated in ₹71 Lakh Cryptocurrency Fraud Investigation

Key Highlights Magistrate absolves CoinDCX executives, identifies impersonation as fraud mechanism Investigation reveals counterfeit platform orchestrated ₹71 lakh cryptocurrency scam CoinDCX leadership granted bail after court determines third-party deception Verdict underscores escalating phishing threats within Indian cryptocurrency industry Judicial review finds zero connection between exchange founders and fraud allegations A magistrate co…