Arrests of Founders at Major Indian Exchange CoinDCX, Company Claims 'Impersonation Fraud'

2026/03/23 12:36 (Updated 2026/03/23 18:01)

CoinPost

Written by A.Yamada

Arrests of Founders at Major Indian Exchange CoinDCX, Company Claims 'Impersonation Fraud'

Statement on Impersonation Fraud Incident

Smit Gupta and Neeraj Khandelwal, co-founders of major Indian cryptocurrency exchange CoinDCX, have been arrested by local police. In response, CoinDCX has issued a statement asserting that the incident was a case of impersonation fraud. The arrests followed accusations by a 42-year-old insurance consultant, who alleged that from August 2025 to February 2026...

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MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30