India's top crypto exchange, CoinDCX, is in the spotlight—but not for the reasons you'd think. 👀
After WazirX (yes, the same exchange hit by a $230M hack) accused CoinDCX of moving user funds to shady, non-compliant entities in Lithuania, CoinDCX’s CEO Sumit Gupta clapped back hard.
> 🛑 “Don’t fall for misinformation,” Gupta said.
According to him, user funds are safe and always have been handled by Neblio Technologies—a fully FIU-IND registered company right here in India. 🇮🇳
And what about Lithuania? 🤔
“No operations, no user funds there, period.” Just exploring global expansion, that’s it.
Plus, CoinDCX updated its Terms of Use earlier this year to make sure users always know who they’re dealing with. 🔐
✅ What this means for YOU:
Your INR & crypto are still safe if you're with CoinDCX
Exchanges are now under a microscope—user protection is trending
CoinDCX is flexing its compliance muscles, and trying to build trust
Friendly Reminder: In crypto, transparency matters. Always DYOR.
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