Last mentioned: Mar 23, 2026
Fraudulent Network Growth
Start of a period where over 1,200 fake websites were identified by the company.
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.
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.
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.
$44M Cyberattack
Hackers breach an internal operational account, stealing $44 million in assets.
$44M Cyberattack
Hackers breach an internal operational account; company offers 25% recovery bounty.
$44M Cyberattack
CoinDCX suffers a major breach of an internal operational account.
$44M Cyberattack
Hackers breach an internal operational account, stealing assets worth $44 million.
Impersonation Campaign Begins
Start of the identified period where over 1,200 fake websites began appearing.
Clone Network Emerges
CoinDCX begins tracking a massive network of fraudulent websites mimicking its interface.
Scam Network Emergence
CoinDCX begins tracking a surge in clone websites and impersonation scams.
CoinDCX Founded
Sumit Gupta and Neeraj Khandelwal launch the exchange in India.
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.