A court in India has granted bail to CoinDCX’s co-founders, ruling that there was no evidence linking them to a $75,000 fraud case. The investigation found that the scam was carried out by someone impersonating the exchange, not the founders themselves.

This case highlights a growing issue in crypto, where scammers exploit trusted brand names to deceive users. Even well-known platforms can become targets of impersonation, putting both users and companies at risk.