According to the Economic Times, CoinDCX, one of India's largest cryptocurrency exchanges, announced that its co-founders, Sumit Gupta and Neeraj Khandelwal, have been arrested by police for allegedly creating websites impersonating CoinDCX in a scam. The company stated that the investigation stemmed from identity theft, with scammers creating approximately 1,212 fake websites impersonating CoinDCX. CoinDCX also stated that it is cooperating with the investigation and that the two founders did not engage in any wrongdoing. Source: