Last mentioned: Mar 23, 2026
Custody Deadline
Initial police custody period ends as investigators seek further details on other potential victims.
Company Defense
CoinDCX issues a public statement labeling the FIR a result of an 'impersonation conspiracy.'
Court Appearance
The accused are produced before a local court and remanded to police custody.
Founders Arrested
Mumbai police register an FIR and arrest co-founders Sumit Gupta and Neeraj Khandelwal.
Apprehension in Bengaluru
A Thane police team travels to Bengaluru to arrest Sumit Gupta and Neeraj Khandelwal.
FIR Registered
Thane police register a First Information Report at Mumbra police station against the co-founders.
Fraud Scale Reaches Peak
Total identified fraudulent websites mimicking CoinDCX surpasses 1,200.
Investment Scheme Begins
The complainant begins transferring funds based on promises of high returns and a franchise deal.
$44M Cyberattack
Hackers breach an internal operational account, stealing assets worth $44 million.
Clone Network Emerges
CoinDCX begins tracking a massive network of fraudulent websites mimicking its interface.
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.
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.
This page surfaces every story mentioning Neeraj Khandelwal across our crypto coverage. We track each entity's appearance over time so readers can trace how the narrative evolves — which developments are isolated incidents, which build into longer arcs, and which reframe how operators in the space think about the entity. Story selection uses the same multi-source verification gate applied across the rest of our coverage.
Read our editorial methodology for how we identify, deduplicate, and score entity references. Our glossary defines the technical terms used across stories on this page, and our trends index contextualizes individual developments against the longer-running crypto beat. Cross-entity comparisons live on our compare view.
| What you see | What it tells you |
|---|---|
| Story count | Number of distinct stories where Neeraj Khandelwal was a primary or referenced actor. |
| Recency clustering | Whether mentions are concentrated in a recent window (a news cycle) or distributed (a sustained arc). |
| Sentiment distribution | Aggregate sentiment of the stories mentioning this entity, weighted by impact score. |
| Cross-niche links | When the same entity surfaces in our sibling networks, we link to those views to enrich context. |