# Sumit Gupta

Type: Person

Source: Finance Intelligence Brief — https://getfinancebrief.com/entity/sumit-gupta
Canonical HTML page: https://getfinancebrief.com/entity/sumit-gupta

## Timeline

- **2026-03-23**: Custody Deadline — Initial police custody period ends as investigators seek more victims linked to the scheme.
- **2026-03-22**: Official Denial — CoinDCX issues a statement labeling the FIR as a 'false conspiracy' by impersonators.
- **2026-03-22**: Court Appearance — The accused are produced before a local court and remanded to police custody.
- **2026-03-21**: Founders Arrested — Sumit Gupta and Neeraj Khandelwal taken into custody by Mumbai Police.
- **2026-03-21**: Apprehension in Bengaluru — Thane police track down and arrest Gupta and Khandelwal in Bengaluru.
- **2026-03-16**: FIR Registered — A formal complaint is filed at the Mumbra police station in Thane against the co-founders.
- **2026-01-31**: Fake Website Milestone — Total identified fraudulent websites mimicking CoinDCX reaches 1,212.
- **2025-08-01**: Scheme Commencement — The complainant begins transferring funds based on promises of high returns and franchise rights.
- **2025-07-15**: $44M Cyberattack — Hackers breach an internal operational account, stealing $44 million in assets.
- **2024-04-01**: Scam Network Emergence — CoinDCX begins tracking a surge in clone websites and impersonation scams.

## Recent coverage (2 stories)

### CoinDCX Co-Founders Arrested in Rs 71.6 Lakh Cryptocurrency Fraud Case
2026-03-23 04:40:21 · Sentiment: Very Bearish · Impact: 6/10 · Sources: 2

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.
Full story: https://getfinancebrief.com/story/coindcx-founders-arrested-fraud-investigation

### CoinDCX Founders Arrested in Mumbai Over Alleged Crypto Fraud Conspiracy
2026-03-23 00:39:32 · Sentiment: Bearish · Impact: 7/10 · Sources: 2

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.
Full story: https://getfinancebrief.com/story/coindcx-founders-arrested-mumbai-fraud-allegations

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