Indian Crypto Exchange CoinDCX Refutes User-Fund and WazirX Asset Allegations

CoinDCX has officially denied allegations of fund mismanagement that emerged after WazirX faced scrutiny over potential user-asset commingling. The exchange emphasised that its own treasury and client assets remain separate and compliant with regulations.

This clarification comes as India intensifies oversight of crypto platforms, requiring strong custody frameworks, audits, and transparency. CoinDCX’s preemptive response aims to bolster native crypto investor trust, appealing to both retail and institutional audiences. But broader questions persist over standardisation of escrow practices across exchanges, third-party custody verification, and government-sponsored deposit insurance for digital assets.

CoinDCX’s stance may prompt other Indian crypto firms to follow suit, laying groundwork for competitive credibility. Regulatory clarity on exchange reserves, audits, and governance could accelerate ecosystem growth—even as compliance remains a critical factor.