PANews, July 13 news, according to CoinDesk, CoinDCX CEO Sumit Gupta refuted the accusation of transferring user funds to a non-compliant entity in Lithuania. These allegations were made by WazirX, which is under scrutiny after suffering a $230 million hack. Sumit Gupta emphasized that CoinDCX's user funds are held by Neblio Technologies, a fully compliant entity in India.