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The initiative includes a round-the-clock WhatsApp helpline where users can flag suspicious links, platforms, or investment offers before acting on them.
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 ESOP buyback will benefit more than 500 former and current employees of CoinDCX.
The Enforcement Directorate found that fraudsters laundered Rs 285 crore through an elaborate network of temporary bank accounts.
Prior to this funding round, CoinDCX had raised $135 million in April 2022 in a funding round led by Pantera Capital and Steadview Capital Management.
Earlier in June, the company's CTO and legal head had exited the company.
In its internal proble, CoinDCX found that cybercriminals had gained unauthorized access to the exchange's systems using its employee's workplace login credentials.
The incident comes almost exactly a year after WazirX, then India’s largest crypto exchange, suffered a massive breach resulting in the loss of $230 million.
