Police recently questioned the founders of CoinDCX, a prominent cryptocurrency exchange, regarding a fraud case involving impersonation. The investigation, led by Thane Police, centers on fraudsters who allegedly posed as CoinDCX representatives to execute the scam. The case, as detailed in an FIR, revolves around individuals lured into a high-return crypto scheme linked to CoinDCX.pro, leading to losses amounting to Rs 71.6 lakh.
Despite the accusations, CoinDCX refuted the claims, attributing them to impersonators attempting to tarnish the company’s reputation. The exchange emphasized its cooperation with authorities and highlighted measures taken to combat fraudulent activities, including reporting numerous fake websites to CERT-In.
This incident follows a previous security breach in 2025 where $44.2 million was stolen from CoinDCX’s treasury. Notably, the exchange clarified that user funds remained unaffected during the breach. Rahul Agarwal, a software engineer at CoinDCX, was later arrested for his alleged involvement in facilitating the breach through a sophisticated attack on an internal wallet.
Source: Entrackr : Latest Posts