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Home»Bitcoin»Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations
Bitcoin

Indian Crypto Exchange CoinDCX Denies Moving User Funds After WazirX Allegations

July 13, 2025No Comments12 Mins Read
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CoinDCX’s Co-founder and CEO Sumit Gupta has spoken out against allegations of moving user funds to non-compliant entities in Lithuania. The accusations were reportedly made by WazirX, another Indian crypto exchange that has faced scrutiny since a $230 million hack last year.

In response to the claims, Gupta emphasized that CoinDCX has always held its India-based users’ funds in Neblio Technologies, a FIU-IND registered entity fully compliant with Indian laws. He clarified that CoinDCX did not have any entity in Lithuania until February 2025 and never conducted any business or moved user funds to a Lithuania-based entity.

Gupta further explained that CoinDCX updated its Terms of Use to make Neblio Technologies the formal contracting party in February 2025 to enhance transparency and user trust. This proactive step was taken to prevent any challenges similar to those experienced by WazirX users during their episode.

The CEO reiterated the exchange’s commitment to user safety, transparency, and regulatory compliance. He expressed hope that other Indian exchanges would adopt similar standards to safeguard users’ interests.

The allegations and responses are part of an ongoing legal battle, with a hearing scheduled at the Singapore High Court on July 15, 2025. Gupta’s statement serves as a reassurance to CoinDCX users and the crypto community regarding the exchange’s adherence to regulations and commitment to maintaining a secure and transparent platform for trading digital assets. Bullish group, a prominent player in the blockchain and digital asset industry, is majority owned by Block.one. Both companies have interests in a variety of blockchain and digital asset businesses and hold significant amounts of digital assets, including bitcoin.

CoinDesk, an independent subsidiary of the Bullish group, is committed to maintaining journalistic integrity. To support this, an editorial committee has been established, chaired by a former editor-in-chief of The Wall Street Journal.

The partnership between Bullish group and Block.one signifies a strong presence in the blockchain and digital asset market. With a focus on innovation and growth, the companies are poised to make significant contributions to the industry.

As leaders in the cryptocurrency space, Bullish group and Block.one are dedicated to providing accurate, timely, and insightful information to their audience. Through their various platforms and initiatives, they aim to educate and inform the public about the potential of blockchain technology and digital assets.

Overall, the collaboration between Bullish group and Block.one is set to shape the future of the blockchain and digital asset industry. With a shared vision for growth and innovation, the companies are well-positioned to make a lasting impact on the market. Could’ve sworn the page was around here somewhere…

As you browse the internet, you may come across a familiar error message: “404 – Page Not Found.” This message indicates that the webpage you are trying to access cannot be found on the server. It’s a common occurrence when a link is broken, a page has been removed, or there is a typo in the URL.

While encountering a 404 error can be frustrating, it’s essential to remember that it’s a technical issue that can be resolved. Here are a few steps you can take to try and find the missing page:

1. Check the URL: Double-check the URL to ensure that you have entered it correctly. Typos or missing characters can lead to a 404 error.

2. Refresh the Page: Sometimes, a simple refresh can help reload the page and resolve the error. Press F5 on your keyboard or click the refresh button on your browser.

3. Search for the Page: If you can’t find the page using the original URL, try searching for it using keywords or phrases related to the content you are looking for.

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4. Contact the Website: If you believe the page should be accessible and you continue to encounter a 404 error, reach out to the website owner or administrator for assistance.

Remember, a 404 error is a common occurrence on the internet, and there are usually simple solutions to resolve it. Don’t get discouraged if you come across this message – with a bit of troubleshooting, you may be able to locate the missing page after all. The Benefits of Regular Exercise on Mental Health

Physical exercise has long been touted for its numerous health benefits, from improving cardiovascular health to aiding in weight management. But did you know that regular exercise also has a significant impact on mental health? In fact, research has shown that engaging in physical activity can have a profound effect on mental well-being, helping to reduce symptoms of anxiety, depression, and stress.

One of the key ways in which exercise benefits mental health is through the release of endorphins, often referred to as the body’s “feel-good” chemicals. When we engage in physical activity, our bodies release endorphins, which act as natural painkillers and mood elevators. This can lead to a decrease in feelings of anxiety and depression, as well as an overall improvement in mood.

Additionally, regular exercise has been shown to improve sleep quality, which is crucial for maintaining good mental health. Sleep plays a vital role in regulating emotions and processing thoughts, so getting enough restful sleep is essential for overall well-being. Exercise can help promote better sleep by reducing stress levels and promoting relaxation, making it easier to fall asleep and stay asleep throughout the night.

Exercise also provides a sense of accomplishment and boosts self-esteem, which can be especially beneficial for individuals struggling with mental health issues. Setting and achieving fitness goals can help build confidence and self-worth, leading to a more positive self-image and improved mental health.

Furthermore, engaging in physical activity can provide a healthy distraction from negative thoughts and rumination. When we exercise, our focus shifts to the present moment, allowing us to temporarily escape from worries and stressors. This can help improve mental clarity and reduce feelings of overwhelm, making it easier to cope with challenges in daily life.

Incorporating regular exercise into your routine doesn’t have to be complicated or time-consuming. Even just 30 minutes of moderate-intensity exercise, such as brisk walking, cycling, or swimming, a few times a week can have a significant impact on mental health. Finding activities that you enjoy and that fit your lifestyle is key to making exercise a sustainable habit.

Overall, the benefits of regular exercise on mental health are undeniable. From boosting mood and reducing anxiety to improving sleep quality and self-esteem, physical activity plays a crucial role in maintaining good mental well-being. So next time you’re feeling stressed or overwhelmed, consider lacing up your sneakers and going for a run – your mental health will thank you. the perspective of an experienced traveler about the benefits of traveling alone.

Traveling alone can be a daunting prospect for many people, but for those who have experienced it, it can be one of the most rewarding and enriching experiences of their lives. As an experienced traveler who has traversed the globe solo, I can attest to the countless benefits of embarking on a solo adventure.

One of the most significant advantages of traveling alone is the freedom and independence it affords. When you travel solo, you have complete control over your itinerary, allowing you to explore at your own pace and prioritize the experiences that are most important to you. You can change your plans on a whim, linger longer in a place that captivates you, or skip touristy attractions in favor of off-the-beaten-path gems. This sense of autonomy can be incredibly empowering and liberating, giving you the opportunity to truly immerse yourself in the destination and forge a deeper connection with the local culture.

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Traveling alone also offers a unique opportunity for self-discovery and personal growth. When you are on your own in a foreign country, you are forced to rely on yourself for navigation, decision-making, and problem-solving. This can be a challenging but ultimately rewarding experience, as it pushes you out of your comfort zone and helps you develop confidence, resilience, and independence. You may discover hidden strengths and talents that you never knew you had, and gain a newfound sense of self-reliance that will serve you well in all areas of your life.

Moreover, traveling alone allows you to connect more deeply with the people you meet along the way. When you are on your own, you are more approachable and open to new experiences, making it easier to strike up conversations with locals and fellow travelers. This can lead to meaningful interactions and friendships that transcend cultural and language barriers, enriching your travel experience and broadening your perspective on the world.

Finally, traveling alone can be a profoundly transformative experience that challenges your assumptions, broadens your horizons, and expands your worldview. When you are on your own in a foreign land, you are forced to confront your preconceived notions and biases, and see the world through a different lens. This can be a humbling and eye-opening experience, prompting you to question your beliefs, values, and priorities, and inspiring personal growth and evolution.

In conclusion, traveling alone is a unique and rewarding experience that offers countless benefits for those brave enough to embark on the journey. From the freedom and independence it affords, to the opportunities for self-discovery, connection, and transformation, solo travel can be a truly life-changing adventure. So if you have ever considered traveling alone but hesitated out of fear or uncertainty, I urge you to take the plunge and discover the incredible rewards that await you on the road less traveled. The Impact of Climate Change on Wildlife Populations

Climate change is having a significant impact on wildlife populations around the world. From rising global temperatures to changing precipitation patterns, these shifts are altering ecosystems and habitats, leading to a decline in biodiversity and threatening the survival of many species.

One of the most immediate effects of climate change on wildlife populations is the loss of habitat. As temperatures rise, glaciers melt, sea levels rise, and extreme weather events become more frequent, many animals are losing their homes. This is particularly true for species that rely on specific habitats, such as polar bears that depend on sea ice for hunting, or coral reefs that are being bleached due to warmer ocean temperatures.

The loss of habitat is leading to a decline in wildlife populations as animals struggle to find food, shelter, and breeding grounds. This can result in decreased reproduction rates, lower survival rates, and ultimately, a decrease in overall population numbers. In some cases, entire species are at risk of extinction due to habitat loss caused by climate change.

In addition to habitat loss, climate change is also altering ecosystems in ways that can harm wildlife populations. For example, changes in precipitation patterns can lead to droughts or floods, which can disrupt food sources and migration patterns for many species. Warmer temperatures can also lead to the spread of invasive species and diseases that can harm native wildlife populations.

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Furthermore, climate change is affecting the availability of resources for wildlife populations. For example, changes in ocean temperatures are impacting fish populations, which can have a ripple effect on predators that rely on those fish for food. Similarly, changes in vegetation patterns can impact herbivores that rely on certain plants for sustenance.

Overall, the impact of climate change on wildlife populations is complex and multifaceted. While some species may be able to adapt to changing conditions, many are already facing significant challenges. Conservation efforts are crucial to help protect and preserve vulnerable wildlife populations in the face of climate change.

In conclusion, the effects of climate change on wildlife populations are far-reaching and potentially devastating. Habitat loss, ecosystem changes, and resource availability are all being impacted by a changing climate, leading to declines in biodiversity and threatening the survival of many species. It is imperative that we take action to mitigate the effects of climate change and protect wildlife populations for future generations. The Impact of Social Media on Mental Health

Social media has become an integral part of our daily lives, with platforms like Facebook, Instagram, Twitter, and TikTok dominating how we communicate, share information, and connect with others. While social media has undoubtedly changed the way we interact with the world, it has also had a significant impact on our mental health.

One of the biggest issues with social media is the constant comparison it fosters. People often curate their online personas to showcase only the best parts of their lives, leading others to believe that everyone else is living a perfect life while they struggle with their own challenges. This can lead to feelings of inadequacy, low self-esteem, and even depression as individuals constantly measure themselves against an unrealistic standard.

Another concerning aspect of social media is the prevalence of cyberbullying. With the anonymity that the internet provides, people feel emboldened to say hurtful and harmful things to others without facing any consequences. This can have devastating effects on the mental health of the victims, leading to anxiety, depression, and in extreme cases, suicide.

Furthermore, the constant barrage of information and notifications from social media can be overwhelming and contribute to feelings of anxiety and stress. The fear of missing out (FOMO) on what others are doing can lead to a compulsive need to constantly check social media, causing disruptions in sleep, productivity, and overall well-being.

Despite these negative impacts, social media can also be a source of support and connection for many individuals. Platforms like Facebook groups and online forums provide a space for people to share their struggles, find support, and connect with others who are going through similar experiences. This sense of community can be incredibly beneficial for those who may feel isolated or alone in their struggles.

It’s important for individuals to be mindful of their social media usage and its impact on their mental health. Setting boundaries around how much time is spent on social media, curating a feed that promotes positivity and self-compassion, and seeking support when needed are all important steps in maintaining a healthy relationship with social media.

In conclusion, while social media has undoubtedly changed the way we interact with the world, it is essential to be aware of its potential impact on our mental health. By being mindful of our social media usage and taking steps to prioritize our well-being, we can navigate the digital landscape in a way that is healthy and empowering.

Allegations CoinDCX Crypto Denies Exchange Funds Indian Moving user WazirX
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