CoinDCX Founder Says Impersonation Scam Led to Jail Stint
Chandra R. Srikanth amplifies a post by CoinDCX founder Sumit Gupta, who says he spent three nights in jail after a fake website impersonating CoinDCX was used to defraud people. The post warns any founder could face similar arrest.
Original post · 1 min read
"If a scammer uses your brand, your name, your face in a fake website and defrauds someone, you can be arrested. Not the scammer. You. This Could Happen to Any founder, Any Business." ⏬
Sumit Gupta @smtgptI want to address what happened to Neeraj and me last week. Of course, it was quite shocking to us as well and honestly very disheartening. But today, we want to talk about what actually happened and more importantly, what we’re going to do about it.
On March 21, we were taken into police custody in connection with a fraud complaint. Three days later, on March 24, a Thane court granted us bail, finding that prima facie, no case was made out against us. The fraud at the centre of this complaint was carried out through a fake website - "coindcx.pro" by impersonators who have absolutely n…

