Last mentioned: Mar 23, 2026
Custody Deadline
Initial police custody period ends as investigators seek more victims linked to the scheme.
Official Denial
CoinDCX issues a statement labeling the FIR as a 'false conspiracy' by impersonators.
Court Appearance
The accused are produced before a local court and remanded to police custody.
Founders Arrested
Sumit Gupta and Neeraj Khandelwal taken into custody by Mumbai Police.
Apprehension in Bengaluru
Thane police track down and arrest Gupta and Khandelwal in Bengaluru.
FIR Registered
A formal complaint is filed at the Mumbra police station in Thane against the co-founders.
Fake Website Milestone
Total identified fraudulent websites mimicking CoinDCX reaches 1,212.
Scheme Commencement
The complainant begins transferring funds based on promises of high returns and franchise rights.
$44M Cyberattack
Hackers breach an internal operational account, stealing $44 million in assets.
Scam Network Emergence
CoinDCX begins tracking a surge in clone websites and impersonation scams.
Thane police have arrested CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal following allegations of a Rs 71.6 lakh fraud. The case involves charges of cheating and criminal breach of trust related to a purported investment scheme and franchise opportunity offered to a retail investor.
CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested by Mumbai police following a fraud FIR involving Rs 71 lakh. The exchange maintains the arrests are based on a sophisticated impersonation conspiracy involving over 1,200 fake websites mimicking their platform.
This page surfaces every story mentioning Neeraj Khandelwal across our finance coverage. We track each entity's appearance over time so readers can trace how the narrative evolves — which developments are isolated incidents, which build into longer arcs, and which reframe how operators in the space think about the entity. Story selection uses the same multi-source verification gate applied across the rest of our coverage.
Read our editorial methodology for how we identify, deduplicate, and score entity references. Our glossary defines the technical terms used across stories on this page, and our trends index contextualizes individual developments against the longer-running finance beat. Cross-entity comparisons live on our compare view.
| What you see | What it tells you |
|---|---|
| Story count | Number of distinct stories where Neeraj Khandelwal was a primary or referenced actor. |
| Recency clustering | Whether mentions are concentrated in a recent window (a news cycle) or distributed (a sustained arc). |
| Sentiment distribution | Aggregate sentiment of the stories mentioning this entity, weighted by impact score. |
| Cross-niche links | When the same entity surfaces in our sibling networks, we link to those views to enrich context. |