Two co-creators from Indian encryption platform CoinDCX were summoned by local police

SumitGupta and NeerajKhandelwal, two co-founders of CoinDCX, an Indian cryptocurrency trading platform invested by Coinbase, were arrested by the police on suspicion of participating in cryptocurrency investment fraud. However, according to other local media reports, the two were only summoned rather than arrested.<br /> CoinDCX issued a statement saying that the case involved someone posing as the founder of CoinDCX and causing an insurance consultant to be defrauded of 7.1 million rupees (about 75,000 US dollars), and had nothing to do with the two founders.