State vs Founders of CoinDCX — Alleged cheating and fraud case

Updates

1. Arrest23 Mar 2026

   CoinDCX founders arrested for alleged cheating and fraud: company shares statement

   Tech News News: Founders of cryptocurrency exchange have been arrested by Thane Police in a case related to alleged cheating and fraud.

   Explanation in simple terms

   The founders of the cryptocurrency platform CoinDCX have been arrested following accusations of cheating and fraud. This means that law enforcement is currently investigating the company for allegedly deceiving its users or mishandling funds. In response, the company has released a statement regarding the situation. These arrests are a formal step in the ongoing legal process, and the founders will now have to address these serious allegations as the investigation continues.

   timesofindia.indiatimes.com
2. Arrest22 Mar 2026

   CoinDCX founders arrested in fraud case; crypto firm flags 'impersonation'

   CoinDCX said in a statement that the FIR was 'false' and that the alleged cheating occurred through a website impersonating the exchange and...

   Explanation in simple terms

   The founders of the cryptocurrency company CoinDCX have been arrested following allegations of cheating and fraud. The company has responded by stating that these claims are false and that they are victims of an impersonation scheme. This means the founders are currently facing legal action while the firm works to clear its name. Authorities are now investigating the situation to determine if any wrongdoing actually occurred.

   business-standard.com