Last mentioned: Mar 23, 2026
Fraudulent Network Growth
Start of a period where over 1,200 fake websites were identified by the company.
Custody Deadline
Initial police custody period ends as investigators seek more victims linked to the scheme.
Custody Deadline
Initial police custody period ends as investigators seek further details on other potential victims.
Official Denial
CoinDCX issues a statement alleging an impersonation conspiracy and false charges.
Company Defense
CoinDCX issues a public statement labeling the FIR a result of an 'impersonation conspiracy.'
Official Denial
CoinDCX issues a statement labeling the FIR as a 'false conspiracy' by impersonators.
Court Appearance
The accused are produced before a local court and remanded to police custody.
Court Appearance
The accused are produced before a local court and remanded to police custody.
FIR and Arrests
Mumbai Police arrest founders following a cheating complaint involving Rs 71 lakh.
FIR and Arrests
Mumbai police file an FIR and arrest co-founders Gupta and Khandelwal.
Founders Arrested
Mumbai police register an FIR and arrest co-founders Sumit Gupta and Neeraj Khandelwal.
Founders Arrested
Sumit Gupta and Neeraj Khandelwal taken into custody by Mumbai Police.
Apprehension in Bengaluru
Thane police track down and arrest Gupta and Khandelwal in Bengaluru.
Apprehension in Bengaluru
A Thane police team travels to Bengaluru to arrest Sumit Gupta and Neeraj Khandelwal.
FIR Registered
A formal complaint is filed at the Mumbra police station in Thane against the co-founders.
FIR Registered
Thane police register a First Information Report at Mumbra police station against the co-founders.
Monitoring Period Ends
CoinDCX concludes its tracking of the 1,212 specific clone domains.
Fraud Scale Reaches Peak
Total identified fraudulent websites mimicking CoinDCX surpasses 1,200.
Fake Website Milestone
Total identified fraudulent websites mimicking CoinDCX reaches 1,212.
Scheme Commencement
The complainant begins transferring funds based on promises of high returns and franchise rights.
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.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal following allegations of a Rs 71.6 lakh fraud. The case involves charges of cheating and criminal breach of trust related to a purported investment scheme and franchise opportunity offered to a retail investor.
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested by Mumbai police following a fraud FIR involving Rs 71 lakh. The exchange maintains the arrests are based on a sophisticated impersonation conspiracy involving over 1,200 fake websites mimicking their platform.
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.
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested in Mumbai following an FIR alleging cryptocurrency fraud of Rs 71 lakh. The exchange has vehemently denied the charges, claiming the arrests are the result of a sophisticated impersonation conspiracy involving over 1,200 fraudulent websites mimicking their platform to scam investors.
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested following a First Information Report (FIR) alleging a Rs 71 lakh fraud. The exchange maintains that the arrests are the result of a sophisticated 'impersonation conspiracy' involving over 1,200 fraudulent clone websites mimicking their platform.