CoinDCX Co-Founders Arrested in ₹71.6 Lakh Crypto Fraud Case

• CoinDCX co-founders arrested in ₹71.6 lakh ($85K) alleged crypto fraud case filed in Thane.
• FIR claims funds taken between Aug 2025 and Feb 2026 for high returns and franchise rights.
• Company denies charges, says impersonators used fake sites and third-party accounts.

Indian crypto exchange CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were arrested by Thane Police in connection with an alleged ₹71.6 lakh ($85K) crypto investment fraud case. The complaint claims promises of high returns and franchise rights, while the company has denied the allegations.

Here are the key details of this fraud case.

FIR Alleges Investment and Franchise Promises

According to the complaint, the case comes from an FIR filed on March 16 by a 42-year-old insurance advisor from Mumbra. He claims he was cheated out of ₹71.6 lakh (around $85,000).

Meanwhile, the victim was…

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