CoinDCX has launched the Digital Suraksha Network, or D.S.N., backed by a ₹100 crore fund aimed at building a broader anti-fraud safety layer for digital asset users in India. The initiative was announced by exchange leaders Sumit Gupta and Neeraj Khandelwal after a scam case in which fraudsters allegedly impersonated them.
According to the details shared, the two founders were taken into police custody on March 21, 2026 in connection with the incident. On March 24, a court in Thane granted them bail and found there was no real case against them. The fraud was tied to a fake website, coindcx.pro, which the company said had no connection to the official CoinDCX platform.
Four areas of spending under the new fund
CoinDCX said the program is meant to extend beyond its own user base and support wider cyber safety efforts. One part of D.S.N. is a free bot service that allows people to submit suspicious links or offers for review before sending money. The company said access to that tool will not be limited to customers of any trading platform.
A second part focuses on intelligence sharing. CoinDCX said it has already identified more than 1,200 fake websites. That list had not been public before, but the company now plans to release it through an “Open API,” giving banks, apps, and government bodies real-time access so harmful sites can be blocked faster.
The third component is training for police cyber cells. The fund will support efforts to help investigators trace crypto flows and use blockchain forensics to identify the people behind fake domains and online impersonation schemes. A fourth program, called “Caution Before Transaction,” will educate the public on warning signs tied to modern scams, including deepfakes.
Cybercrime figures frame the rollout
CoinDCX pointed to national cybercrime figures to explain the scale of the problem. In 2025, Indians filed more than 2.8 million complaints, while less than 2% became formal police cases. Reported losses reached nearly ₹22,500 crore. The company said AI is making fraudulent content look increasingly convincing, raising pressure for faster detection and data sharing.
CoinDCX is presenting the network as a shared digital trust effort rather than a closed internal defense system. Its central idea is to make risk data available across institutions, so banks, technology platforms, and public agencies can act on the same signals when fake websites and impersonation scams appear.