The two founders were released on bail on executing a PR bond of ₹50,000 each, with the condition that they shall cooperate with the investigation and trial
In a statement, CoinDCX said that the startup and its leadership had “no involvement in the incident and were themselves victims of a fraud perpetrated through impersonation”
As per the FIR, the cofounders were charged with Sections 3(5), 316(2), 316(5) and 318(4) of the Bharatiya Nyaya Sanhita (BNS) which pertain to cases of cheating, fraud, and criminal…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)