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

Binance To Pause Deposits & Withdrawals For 3 Hours On September 22
News

Binance To Pause Deposits & Withdrawals For 3 Hours On September 22

On September 22, Binance will temporarily stop accepting deposits and withdrawals from its platform while it performs planned maintenance on its wallet...

Bolivia Plans Stricter Crypto Rules As Part Of IMF-backed Reforms
News

Bolivia Plans Stricter Crypto Rules As Part Of IMF-backed Reforms

Bolivia has pledged to construct a formal regulatory and supervisory structure for cryptocurrencies as part of its larger economic reform package agreed...

OpenAI Hacked Using Anthropic’s Claude As AI Misalignment Risks Grow
News

OpenAI Hacked Using Anthropic’s Claude As AI Misalignment Risks Grow

OpenAI is facing fresh scrutiny over AI security after independent researchers used Anthropic’s Claude models to exploit vulnerabilities connected to an OpenAI...

US Sanctions Iran’s BitBank Over Bitcoin Transfers Linked To IRGC
News

US Sanctions Iran’s BitBank Over Bitcoin Transfers Linked To IRGC

BitBank, an Iranian cryptocurrency exchange, is subject to US penalties due to accused sanctions evasion. According to the Treasury, BitBank sent hundreds...

Related Articles

Memecoin Supercycle: How DOGE, SHIB, WIF Mint Millions

Did you ever notice how sometimes the crypto market gets absolutely taken...

5 Best Crypto Mining Apps In 2026: What They Actually Do

Introduction The phrase ‘crypto mining app’ sounds like you can download an...

Your Roadmap To Stake AI Tokens In 2026

Are you looking to earn extra rewards through AI tokens? One of...

Crypto Mining Apps: How They Work & How To Spot Scams

Introduction Search for crypto mining apps today and you will find hundreds...