# CoinDCX

Type: Company

Source: Crypto Intelligence Brief — https://getcryptobrief.com/entity/coindcx
Canonical HTML page: https://getcryptobrief.com/entity/coindcx

## Timeline

- **2026-03-23**: Custody Deadline — Initial police custody period ends as investigators seek further details on other potential victims.
- **2026-03-22**: Company Defense — CoinDCX issues a public statement labeling the FIR a result of an 'impersonation conspiracy.'
- **2026-03-22**: Court Appearance — The accused are produced before a local court and remanded to police custody.
- **2026-03-21**: Founders Arrested — Mumbai police register an FIR and arrest co-founders Sumit Gupta and Neeraj Khandelwal.
- **2026-03-21**: Apprehension in Bengaluru — A Thane police team travels to Bengaluru to arrest Sumit Gupta and Neeraj Khandelwal.
- **2026-03-16**: FIR Registered — Thane police register a First Information Report at Mumbra police station against the co-founders.
- **2026-01-31**: Fraud Scale Reaches Peak — Total identified fraudulent websites mimicking CoinDCX surpasses 1,200.
- **2025-08-01**: Investment Scheme Begins — The complainant begins transferring funds based on promises of high returns and a franchise deal.
- **2025-06-15**: $44M Cyberattack — Hackers breach an internal operational account, stealing assets worth $44 million.
- **2024-04-01**: Clone Network Emerges — CoinDCX begins tracking a massive network of fraudulent websites mimicking its interface.

## Recent coverage (2 stories)

### CoinDCX Co-Founders Arrested in Bengaluru Over Alleged ₹71.6 Lakh Fraud
2026-03-23 04:40:25 · Sentiment: Very Bearish · Impact: 6/10 · Sources: 2

Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal following allegations of a fraudulent investment scheme and misappropriation of funds. The arrests stem from a complaint by an insurance advisor who claims to have been duped of ₹71.6 lakh through a purported franchise and high-return investment opportunity.
Full story: https://getcryptobrief.com/story/coindcx-founders-arrested-fraud-india

### CoinDCX Founders Arrested in Mumbai Amid Alleged $85K Impersonation Scam
2026-03-23 00:39:27 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

Sumit Gupta and Neeraj Khandelwal, co-founders of Indian crypto exchange CoinDCX, have been arrested following an FIR alleging a Rs 71 lakh (~$85,000) fraud. The company maintains the arrests stem from a sophisticated impersonation conspiracy involving over 1,200 clone websites used to scam investors.
Full story: https://getcryptobrief.com/story/coindcx-founders-arrested-impersonation-fraud

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This page is a machine-readable summary. Sentiment measures the directional read of each development for this entity, not the tone of the reporting; impact weights consequence, not syndication reach. See https://getcryptobrief.com/guides/methodology for the full editorial methodology.