When I read about this news the first thing I thought about checking was:
Where will this exchange be located?
I went on the website and looked for their address and found this:
Cashaa is the trading name of Cashaa Technologies Limited, a UK registered company (No. 11644308) whose registered office is at Suite 207 Equitable House Business Centre, 10 Woolwich New Rd, London, England, SE18 6AB.
on google map i didn't see anything relevant about this address, but they reported this case to Cyber Crime department in Delhi
https://twitter.com/yourCashaa/status/1282010893115482112why didn't they report to the UK police?