[CoinDCX Founders Implicated in Fraud Case, Indian Court Rules Not Guilty and Grants Bail] DeepTech TechFlow reports, on March 25, according to Cointelegraph, the Thane District Court in India ruled on March 23 that CoinDCX co-founders Sumit Gupta and Niraj Khandelwal were not found to have preliminary evidence of criminal activity in a fraud case involving 7.1 million INR (approximately $75,000) and granted them bail. Court investigations revealed that the fraudulent activity actually occurred on the impersonation website coindcx.pro, which has no connection to the official CoinDCX platform. The primary suspect, Rana, has fully refunded the victims, who also confirmed in court that the two founders were not the individuals they met at the café. CoinDCX subsequently issued a statement categorizing the incident as a "third-party impersonation" and reminded users to verify domain names and interact only through official channels to prevent the growing prevalence of impersonation and phishing scams in India's crypto industry.