CoinDCX Denies WazirX Allegations Over Lithuania Entity and User Funds

  • Indian crypto exchange CoinDCX has firmly denied allegations from rival platform WazirX that it misused user funds by transferring them to a non-compliant entity in Lithuania. The claims surfaced amid ongoing legal proceedings at the Singapore High Court, where WazirX submitted an affidavit alleging CoinDCX held customer funds in a Lithuania-based firm not registered with Indias Financial Intelligence Unit (FIU) until February 2025.