CoinDCX clarifies that user funds are securely held by Neblio Technologies, countering WazirX's claims of improper transfers to Lithuania.
CoinDCX CEO Sumit Gupta has refuted allegations from WazirX regarding the transfer of user funds to non-compliant entities in Lithuania. Gupta emphasized that all user funds are securely held by Neblio Technologies, a compliant entity in India, amidst scrutiny following WazirX's $230 million hack.