India, March 24 -- Days after getting arrested, crypto unicorn CoinDCX's cofounders Sumit Gupta and Neeraj Khandelwal have received bail. Sources told Inc42 that while the founders have now secured their bail, the authorities are now investigating the allegations levelled by the complainant.

The two founders were released on bail on executing a PR bond of Rs.50,000 each, with the condition that they shall cooperate with the investigation and trial.

"Admittedly, the allegation and offences are serious in nature. But the role of the accused is not shown," the court noted.

In a statement, CoinDCX said that the startup and its leadership had "no involvement in the incident and were themselves victims of a fraud perpetrated through imperson...