In a recent development, the co-founders of the cryptocurrency startup CoinDCX, Sumit Gupta and Neeraj Khandelwal, have been granted bail by a Thane court. The court ruled that there was no prima facie case against them in a cheating case involving Rs 71.60 lakh. The legal team representing the co-founders argued that they were victims of mistaken identity and impersonation. The complainant mentioned that the money in question was received from another accused and that he did not have any association with the co-founders.
This decision brings relief to the CoinDCX co-founders, who have maintained their innocence throughout the legal proceedings. As the case unfolds, the focus now shifts to how this incident may impact the reputation and operations of the cryptocurrency startup in the tech industry.
Source: Tech-Economic Times