CoinDCX Denies WazirX Allegations Over User Funds Custody Amid Regulatory Scrutiny
2025-07-13 01:54:10
Main Idea
CoinDCX denies allegations by WazirX regarding the custody of user funds, stating that all funds are securely managed by Neblio Technologies, an FIU-compliant entity.
Key Points
1. CoinDCX refuted allegations made by WazirX about the custody of user funds.
2. WazirX made these allegations after facing scrutiny due to a $230 million security breach last year.
3. CoinDCX clarified that user funds are managed by Neblio Technologies, an Indian-registered entity compliant with FIU regulations.
Description
CoinDCX, a prominent Indian cryptocurrency exchange, has publicly refuted claims regarding the alleged transfer of user funds to an unregistered entity in Lithuania. These accusations were initially made by rival
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