CoinDCX founders detained in India over alleged scam as exchange cites impersonation

Indian media reports say CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were detained and sent to police custody until March 23 in a case tied to an alleged investment fraud. The complaint alleges a loss of about 71.6 lakh rupees (roughly $85,000) connected to a scheme promising high returns and CoinDCX-linked franchise rights. CoinDCX rejects the allegation, saying the fraud was executed via impersonators operating copycat websites rather than its platform.