India’s leading crypto exchange CoinDCX has unveiled a ₹100 crore cyber safety initiative called the Digital Suraksha Network (DSN), aimed at strengthening protection against rising digital fraud and impersonation scams. The move comes shortly after an impersonation fraud case involving a fake website led to the temporary arrest of the company’s co-founders, who were later granted bail as no direct involvement was found.
The company clarified that the fraud was executed through a fake domain that had no connection with its official platform, exposing critical gaps in the current digital security ecosystem.
What is the Digital Suraksha Network?
The Digital Suraksha Network is designed as a large-scale, ecosystem-driven initiative rather than a company-specific solution. CoinDCX plans to collaborate with fintech firms, banks, regulators, and law enforcement agencies to create a shared infrastructure for fraud detection and prevention.
A key feature of the initiative will be a 24×7 WhatsApp helpline that allows users to verify suspicious links, investment offers, and platforms before making any financial transactions. Additionally, the company will introduce an open fraud intelligence API that shares real-time data on fraudulent domains.
CoinDCX has already identified more than 1,200 fake websites impersonating its brand, highlighting the scale of the problem in India’s rapidly growing digital finance space.
Focus on Awareness and Law Enforcement Support
Beyond technology, the initiative will also focus heavily on user education. A nationwide campaign titled “Caution Before Transaction” will aim to spread awareness about safe digital practices and financial literacy across India.
The fund will also support training programmes for cybercrime units, particularly in blockchain forensics and digital asset tracking. This is expected to help law enforcement agencies respond faster to increasingly sophisticated fraud networks.
Addressing a Growing Digital Threat
With cyber fraud becoming more complex due to AI-driven tools and cross-border scam networks, CoinDCX emphasised the need for collective action across the industry. The company believes that building shared infrastructure and improving collaboration between stakeholders will be key to safeguarding India’s digital economy.
The ₹100 crore commitment signals a significant step towards building trust and resilience in India’s fast-evolving crypto and digital finance ecosystem.