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The ED also alleged that the gaming company used bots to play games against users without their knowledge, causing losses of about Rs 1,154 crore to players.
The case is linked to alleged illegal gains made through Gameskraft's real-money gaming apps, including RummyCulture and RummyTime.
The bank clarified that withdrawing the resolution does not amount to dropping Gupta's candidacy altogether.
The founders were apprehended last week on March 21 from Bengaluru and produced before a holiday court in Thane for alleged fraud.
CoinDCX said the FIR is “false” and attributed the case to an impersonation scheme involving individuals posing as the company’s founders.
The appointment comes after Rishi Gupta, MD and CEO, was arrested late last month under the GST Act.
In its internal proble, CoinDCX found that cybercriminals had gained unauthorized access to the exchange's systems using its employee's workplace login credentials.
