The two founders of #CoinDCX were arrested by Bangalore police on March 21st for allegedly defrauding investors of $7,650. 😂 No typo, less than $8,000! This exchange is India's largest, having raised over $200 million in funding and valued at over $2 billion. 😁 The reason? Someone impersonated their exchange to commit fraud, even using the scammer's personal account as the receiving account. The Indian police's bizarre logic is: since the victims claimed to have "invested in CoinDCX," the police arrested the legal representative first (to facilitate extortion), even if the money didn't go into the company account. They haven't been released yet, and the police are preparing to extend their detention... Starting a business in India, where scammers are everywhere, is truly difficult. 😅