CoinDCX co-founders arrested in India on fraud allegations.

Indian police detained the founders of major crypto exchange CoinDCX following fraud accusations. The founders deny wrongdoing, claiming an impersonation scheme is behind the allegations.

CoinDCX is one of India's largest crypto platforms. The case highlights regulatory scrutiny facing crypto exchanges in emerging markets.

Key details: The arrest follows a months-long investigation. CoinDCX maintains operations continue normally despite the legal proceedings.

Context: India has taken a strict stance on crypto regulation, with exchanges facing increased compliance demands.