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“Please do not fall for misinformation,” co -founder and CEO of the Indian cryptocurrency Coindcx Sumit Gupta said on Saturday in the middle of the accusation that the stock exchange has moved user resources to the unbalanced entities in Lithuania.
The accusation reportedly made another Indian Wazirx exchange that has been under control since Last year’s hack $ 230 million.
In an affidavit submitted under the proceedings of the Singapore High Court (Scheduled to hear 15 July 2025), Wazirx reportedly claimed This Coindcx company held users in the Lithuanian entity that was not registered with the Indian Intelligence Unit (Fiu) Until February 2025.
Gupta denied these accusations in the Coindesk report and stressed that the INR and crypto funds of his India have always been held by the technology of Neuslio, our registered entity Fiu-Ind.
“For recording: Coindcx had no entity in Lithuania up to 2025. February. We have only been involved with third -party entities to explore the potential global expansion. (Neblio Technologies) In Lithuania and no user funds have never been moved to Lithuanian entity or held, ”Gupta said.
He added that the Exchange updated its conditions for use to make Neblio Technologies on 7 February.
“We did it actively to keep Coindcx users to face challenges, such as challenges that were seen during Wazirx episodes. This approach protects users’ interests and hope that other Indian exchanges are receiving the same standard,” Gupta said, adding that the exchange “remains committed.
