CoinDCX Pledges $11M for Anti-Fraud Drive After Impersonation Case
By Christina Comben
Published on March 31, 2026.
CoinDCX has pledged 100 crore Indian rupees (around $11 million) to the Digital Suraksha Network in response to brand impersonation and cyber fraud. The initiative was outlined by co-founder and CEO Sumit Gupta, who was taken into custody in March over a fraudulent website that cheated an investor out of around $75,000. The pledge includes a 24/7 WhatsApp helpline for anyone to verify links and platforms before sending funds, an open fraud intelligence application programming interface (AF), training support for state cybercrime cells on blockchain forensics and asset tracing, and a “Caution Before Transaction” campaign aimed at ordinary digital finance users.
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