On July 13, CoinDesk reported that the co-founder of Indian cryptocurrency exchange CoinDCX said on Saturday that allegations that the exchange transferred user funds to a non-compliant entity in Lithuania were made by another Indian exchange, WazirX, which has been under scrutiny since a $230.00 million hack last year. WazirX accused CoinDCX of holding user funds in a Lithuanian entity that was not registered with the Indian Financial Intelligence Unit (FIU) until February 2025. CoinDCX denied the allegations in a statement, saying that the user funds in question were held by Neblio Technologies, an entity registered in India and compliant with FIU regulations. [BlockBeats]