Sangeeth Aloysius, SVP and Head of Product and Design, and Satyartha Srivastava, VP and Head of Derivative Revenue, are both moving out
India’s crypto exchange CoinDCX is facing fresh leadership turbulence. Two senior executives are heading for the exit at a time when the company is still navigating the fallout from a high-profile impersonation case involving its co-founders.
Sangeeth Aloysius who served as SVP and Head of Product and Design and Satyartha Srivastava who was VP and Head of Derivative Revenue are both moving out according to sources familiar with the matter. Aloysius joined CoinDCX in May 2025 and Srivastava followed in July 2025. Both executives are currently serving their notice periods. The company has not officially confirmed the departures.
The exits come at a particularly sensitive moment for CoinDCX. Co-founders Sumit Gupta and Neeraj Khandelwal were arrested in March 2026 in connection with an alleged ₹71.6 lakh cheating case filed at the Mumbra police station in Thane. A court later granted both founders bail after finding no prima facie case against them. Their legal team argued they were victims of mistaken identity and fraudulent impersonation through a fake website called coindcx.pro which had no connection to the company.
In response CoinDCX announced a ₹100 crore Digital Suraksha Network initiative focused on fraud detection user awareness and law enforcement training. The company also disclosed it had reported more than 1,212 fake websites impersonating its official platform between April 2024 and January 2026.
The latest departures are not isolated. CoinDCX also saw its Chief Technology Officer and Head of Legal exit last year adding to a pattern of senior-level churn over the past twelve months.
Despite the turbulence CoinDCX reached a valuation of $2.45 billion following a funding round led by Coinbase Ventures in October 2025 and counts over 21.8 million registered users. How the exchange stabilises its leadership structure in the months ahead will be closely watched by investors and the broader Indian crypto industry.
