Announcing the Digital Security Network initiative
Important steps to prevent cyber fraud
The company announced an investment of Rs

Mumbai: In the fast growing digital finance ecosystem in India Cyber ​​fraud CoinDCX today announced an ambitious initiative called ‘Digital Security Network (DSN)’ to prevent and strengthen customer protection. 100 crores (Cyber ​​Attack) investment has been announced.

The announcement comes in the wake of a recent incident in which the company’s co-founder was detained in connection with a fraud complaint. The fraud was perpetrated by a fake website, coindcx.pro, which had no connection with CoinDCX’s platform. While granting bail in this case, the Thane court clarified that the preliminary investigation did not prove any crime.

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal noted that this experience highlighted a huge gap in the digital ecosystem. There is still no effective mechanism to distinguish between legitimate businesses and those who exploit them. He said that Digital Security Network is our concrete step in that direction.

Cyber ​​fraud is increasing rapidly in India and the situation has become alarming. Around 28.15 lakh cybercrime complaints were registered across the country in 2025, showing a year-on-year growth of 24%. The total economic loss due to these scams is Rs 22,495 crore, of which 76% is due to investment scams. Interestingly, only less than 2% of the reported complaints were converted into FIRs, highlighting the limitations in the enforcement process. Additionally, 47% of Indians have directly or indirectly experienced AI-based fraud—such as voice cloning and deepfake. Meanwhile, 21.7 billion transactions were completed through UPI in January 2026, increasing the volume of digital transactions and increasing the risk of potential cyber attacks.

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The Digital Security Network is a multi-layered initiative that focuses on preventing fraud before it happens, increasing consumer awareness and strengthening coordination between platforms, regulators and law enforcement agencies.

Under the Digital Security Network, CoinDCX will focus on creating broad consumer awareness across the country. Multi-language educational material will be developed and incorporated in schools, colleges as well as financial literacy programs through the “Verification before Transaction” initiative. Partnership with consumer protection organizations will also be done for this. Along with this, a 24×7 WhatsApp helpline open to all will be launched, through which users can quickly verify any suspicious link or platform before transacting.

In addition, an open fraud intelligence API will be developed to enable real-time data sharing with law enforcement agencies, banks, fintech companies and telecom service providers. CoinDCX has so far identified more than 1,200 fake websites, and this data will be shared through this API. This will create a ‘common defense mechanism’ for India’s digital finance ecosystem, which will help in early detection and stopping of fraud attempts.

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Also, emphasis will be placed on strengthening cyber infrastructure for law enforcement agencies. These will include training programs on blockchain forensics and digital asset tracing, establishment of rapid response units to assist in active fraud cases, as well as technology grants for cyber crime cells.

Along with this, CoinDCX will strengthen its collaboration with organizations such as Directorate of Enforcement, Delhi Police, Sardar Vallabhbhai Patel National Police Academy, Cyber ​​Crime Coordination Center of India (14C) and Income Tax Department to develop cyber security standards at industry level and enhance strategic cooperation.