Alt Fits Everyday

India’s top crypto exchange, CoinDCX, presents itself as a "Made in India" success story. But behind the patriotic branding lies a hidden operational truth: your crypto isn’t held in India at all. According to the platform’s own Terms of Use, all custody and crypto transactions are routed through Oystex UAB, a Lithuanian shell company — keeping Indian user funds outside the country and beyond Indian regulatory protection. While CEO Sumit Gupta pushes nationalistic narratives online, critical details like this are buried in fine print, not in public-facing conversations. Even worse? Influencers who typically expose shady practices have gone silent — raising questions about loyalty to users vs. loyalty to paid partnerships. In contrast, competitors like WazirX, after facing their own crisis, have taken a more transparent and court-backed approach to recovery. This exposé raises urgent concerns about regulatory evasion, user risk, and deceptive marketing — making it clear that not everything wrapped in a tricolour is trustworthy. TL;DR: If you trade on CoinDCX, your crypto isn’t in India — and that’s a bigger deal than they want you to believe.