CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been detained by Indian police on suspicion of defrauding approximately 7.1 million rupees (approximately $85,000). The exchange claims the case involves fraudsters impersonating the founders and states that since April 2024, it has identified and reported over 1212 fraudulent websites mimicking its brand. The company confirmed that both co-founders are cooperating with authorities in the investigation and insisted they were not involved. This move highlights the growing trend of brand impersonation scams targeting Indian cryptocurrency platforms.