Indian cryptocurrency exchange CoinDCX denies transferring user funds following WazirX allegations

According to CoinDesk, Sumit Gupta, CEO of CoinDCX, has refuted allegations of transferring user funds to non compliant entities in Lithuania. These allegations were made by WazirX, which is currently under review after suffering a $230 million hacking attack. Sumit Gupta emphasized that CoinDCX's user funds are held by Neblio Technologies, a fully compliant entity in India.