Indian crypto exchange CoinDCX denies allegations of external transfer of user funds

On July 13 (UTC+8), CoinDCX CEO Sumit Gupta denied WazirX's allegations that the platform transferred user funds to a non-compliant entity in Lithuania, stating that the relevant user funds are managed by Neblio Technologies, an entity registered in India and compliant with FIU regulations. Previously, Indian exchange WazirX claimed in Singapore court documents that CoinDCX deposited user funds in a Lithuanian entity. Gupta emphasized that CoinDCX has never operated in Lithuania, nor has it transferred any user funds to Lithuania, and stated that the allegations are misleading information. (Source: Bitpush) [MetaEra]