Home CoinDCX Founders Get Bail As Court Finds No Prima Facie Case

CoinDCX Founders Get Bail As Court Finds No Prima Facie Case

Share
CoinDCX Founders Get Bail As Court Finds No Prima Facie Case
News
Share

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were granted bail by a Thane court in a ₹7.16 million fraud case.

According to the court, there is currently no proof against them. Following a complaint at the Mumbra police station, the two founders were taken into custody in Bengaluru.

Their plea for bail was granted by Magistrate Nilesh Rathod. Each of them must provide ₹50,000 as a surety. The court said bail should be given unless there are reasons to keep them in jail. This is as per Article 21 of the Constitution, which protects a person’s freedom.

A key change happened in the case when the complainant said he got his money back from another accused.

The defence said some people pretended to be the CoinDCX founders and cheated the complainant.

They were also cheated by someone who used their identity. The investigation is still going on. Police are trying to find other accused.

CoinDCX said the complaint is false and part of a cheating scam where people are pretending to be others.

CoinDCX Founders Get Bail As Court Finds No Prima Facie Case

Source: Trading View

Share
Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

Leave a comment

Leave a Reply

Latest News

Tether Taps 'Big Four' Firm For First USDT Reserves Audit
News

Tether Taps ‘Big Four’ Firm For First USDT Reserves Audit

Tether has declared that it will hire a “Big Four” accounting firm to perform its first comprehensive financial audit of USDT reserves....

Circle Stock Falls 20% Amid Stablecoin Yield Concerns
News

Circle Stock Falls 20% Amid Stablecoin Yield Concerns

Following rumours that new U.S. legislation would restrict how businesses pay rewards on stablecoins, Circle Internet Group’s shares plummeted by about 20%....

CoinDCX Founders Get Bail As Court Finds No Prima Facie Case
News

CoinDCX Founders Get Bail As Court Finds No Prima Facie Case

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were granted bail by a Thane court in a ₹7.16 million fraud case. According to...

AI Agents Are Changing Crypto Trading Strategies: Neel Kukreti

AI Agents Are Changing Crypto Trading Strategies: Neel Kukreti

In an exclusive interview with 3.0 TV, Neel Kukreti, crypto educator and YouTuber who runs the YouTube channel Crypto Jargon, talks about...

Latest Blogs

AI-integrated Crypto Wallet: Safe & Efficient Management?

  Are you a crypto wallet user? If yes, is it an AI-integrated crypto wallet? In case you are wondering what exactly...

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds, share your bank details along with a one-time password (OTP)...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth, and accomplishments are meaningless without good health. Nothing is more...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM) to withdraw money? Well, with the advent of Unified Payments...

Related Articles

AI-integrated Crypto Wallet: Safe & Efficient Management?

  Are you a crypto wallet user? If yes, is it an...

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds,...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth,...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM)...