CoinDCX founders questioned over fake-site fraud; company denies involvement amid phishing surge

Thane police summoned CoinDCX co‑founders Sumit Gupta and Neeraj Khandelwal for questioning on March 21 after a fraud complaint tied to a website impersonating the exchange, with outlets reporting alleged losses ranging from about $75,000 to “millions.” ^{[1] [2] [3]}.

CoinDCX has denied any involvement, saying the complaint stems from an impersonation campaign that used an unrelated site and even the founders’ identities; the firm told reporters it has identified more than 1,200 fake sites abusing its brand ^{[1] [2] [4]}.

The questioning comes amid broader security and fraud concerns for the exchange: some coverage notes a prior $44 million hack and a related FIR, and industry commentary highlights a rise in phishing and impersonation scams targeting Indian crypto users ^{[4] [2]}.

Investigations are ongoing; CoinDCX says it is cooperating with authorities and continues to warn users about widespread impersonation and phishing threats ^{[1] [2]}.