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𝗜𝘀 𝗪𝗮𝘇𝗶𝗿𝗫 𝗴𝗼𝗶𝗻𝗴 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝗿𝗲𝘁𝘂𝗿𝗻𝗶𝗻𝗴 𝘂𝘀𝗲𝗿𝘀 𝗺𝗼𝗻𝗲𝘆?
#WazirX said that it is waiting for a hearing to take place in mid-May that will allow it to restart operations.
And it will begin its compensation scheme for affected users within 10 business days.
The Singapore High Court is scheduled for May 13.
It's been more than 9 months since WazirX got hacked; still, users are struggling for their money.
#WazirX #CryptoMarketCapBackTo #MarketRebound #BinanceAlphaAlert
#WazirX said that it is waiting for a hearing to take place in mid-May that will allow it to restart operations.
And it will begin its compensation scheme for affected users within 10 business days.
The Singapore High Court is scheduled for May 13.
It's been more than 9 months since WazirX got hacked; still, users are struggling for their money.
#WazirX #CryptoMarketCapBackTo #MarketRebound #BinanceAlphaAlert
WazirX Eyes Comeback After $230M Hack 🔐⚡
All Set to Reboot, Awaiting May 13 Court Ruling ⚖️
Quick Take:
India-based crypto exchange WazirX is gearing up for a major comeback!
After last year’s $230M hack — linked to North Korea’s Lazarus Group — the platform says it's now ready to restart and begin user fund redistribution.
The final piece?
A Singapore court ruling on its restructuring plan, expected on May 13.
If approved, WazirX could be back in action soon, aiming to rebuild trust and regain momentum in the crypto space.
#WazirX #CryptoNews #HackRecovery #LazarusGroup #ExchangeUpdate #IndiaCrypto #Web3
All Set to Reboot, Awaiting May 13 Court Ruling ⚖️
Quick Take:
India-based crypto exchange WazirX is gearing up for a major comeback!
After last year’s $230M hack — linked to North Korea’s Lazarus Group — the platform says it's now ready to restart and begin user fund redistribution.
The final piece?
A Singapore court ruling on its restructuring plan, expected on May 13.
If approved, WazirX could be back in action soon, aiming to rebuild trust and regain momentum in the crypto space.
#WazirX #CryptoNews #HackRecovery #LazarusGroup #ExchangeUpdate #IndiaCrypto #Web3
@WazirXIndia, the crypto exchange hit hard by a $234.9 million hack in 2024, says it’s gearing up to restart operations and begin creditor payments after a key Singapore court hearing on May 13. By @shauryamalwa.
I hope users will het their money back. 👍
#WazirX
I hope users will het their money back. 👍
#WazirX
WazirX Set to Restart After $234M Hack — Final Court Hearing on May 13
Indian crypto exchange WazirX is making a comeback! After the $234M hack in July 2024 linked to North Korean attackers, the exchange is awaiting a crucial May 13 sanction hearing in Singapore. If approved, WazirX will restart operations and begin compensating users within 10 business days.
Over 90% of creditors have already voted in favor of a recovery plan involving special tokens, aiming to return 75–80% of user balances.
However, the Supreme Court of India recently dismissed a petition from 54 victims, citing it as a matter of crypto policy—not one for the judiciary.
All eyes now on the Singapore High Court. Will WazirX rise again?
$BTC
#CryptoNews #WazirX #SingaporeCourt #CryptoRecovery #Web3India
Indian crypto exchange WazirX is making a comeback! After the $234M hack in July 2024 linked to North Korean attackers, the exchange is awaiting a crucial May 13 sanction hearing in Singapore. If approved, WazirX will restart operations and begin compensating users within 10 business days.
Over 90% of creditors have already voted in favor of a recovery plan involving special tokens, aiming to return 75–80% of user balances.
However, the Supreme Court of India recently dismissed a petition from 54 victims, citing it as a matter of crypto policy—not one for the judiciary.
All eyes now on the Singapore High Court. Will WazirX rise again?
$BTC
#CryptoNews #WazirX #SingaporeCourt #CryptoRecovery #Web3India
BREAKING: Supreme Court REJECTS #WazirX Petition Today! 🚫
Justice Gavai & Justice Masih: “Approach relevant authorities.”
But here’s the joke…
🇮🇳 No crypto laws
🇮🇳 No regulations
🇮🇳 No protection
Yet the same govt wants:
💸 30% TAX on gains
💸 1% TDS on every trade
💸 ZERO responsibility
Crypto traders: taxed like criminals, treated like ghosts.
India doesn't need just tax collectors — it needs crypto clarity.
#CryptoIndia #Bitcoin
Justice Gavai & Justice Masih: “Approach relevant authorities.”
But here’s the joke…
🇮🇳 No crypto laws
🇮🇳 No regulations
🇮🇳 No protection
Yet the same govt wants:
💸 30% TAX on gains
💸 1% TDS on every trade
💸 ZERO responsibility
Crypto traders: taxed like criminals, treated like ghosts.
India doesn't need just tax collectors — it needs crypto clarity.
#CryptoIndia #Bitcoin
BREAKING: Supreme Court REJECTS WazirX Petition Today!
BREAKING: Supreme Court REJECTS #WazirX Petition Today! 🚫
Justice Gavai & Justice Masih: “Approach relevant authorities.”
But here’s the joke…
🇮🇳 No crypto laws
🇮🇳 No regulations
🇮🇳 No protection
Yet the same govt wants:
💸 30% TAX on gains
💸 1% TDS on every trade
💸 ZERO responsibility
Crypto traders: taxed like criminals, treated like ghosts.
India doesn't need just tax collectors — it needs crypto clarity.
$BTC $ETH
#CryptoIndia #Bitcoin #BTCNextATH
Justice Gavai & Justice Masih: “Approach relevant authorities.”
But here’s the joke…
🇮🇳 No crypto laws
🇮🇳 No regulations
🇮🇳 No protection
Yet the same govt wants:
💸 30% TAX on gains
💸 1% TDS on every trade
💸 ZERO responsibility
Crypto traders: taxed like criminals, treated like ghosts.
India doesn't need just tax collectors — it needs crypto clarity.
$BTC $ETH
#CryptoIndia #Bitcoin #BTCNextATH
**🚨 Breaking Crypto News: Major Updates You Can’t Miss! 🚨**
The crypto world is buzzing with big moves and shocking developments. Here’s what you need to know:
$BTC $ETH $SOL
1️⃣ **U.S. Establishes Strategic Bitcoin Reserve**
President Trump has signed an executive order to create a **strategic Bitcoin reserve**, funded by forfeited crypto assets. This move aims to leverage Bitcoin’s fixed supply and position it as a key component of national reserves—without burdening taxpayers. Is this the start of Bitcoin’s mainstream adoption? 🤔
2️⃣ **Arrest in Australian Crypto Scheme**
Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, was arrested for orchestrating a **$100,000 cryptocurrency scheme**. He faces up to **3 years in prison** and a **$37,800 fine**. Authorities allege he opened multiple bank accounts despite scam concerns.
3️⃣ **WazirX Hack: $234.9M Lost**
In July 2024, Indian exchange WazirX was hacked by the North Korean **Lazarus Group**, losing **$234.9 million** in investor funds. The breach exploited vulnerabilities in WazirX’s multisignature wallet system. Recovery plans are now underway after a Singapore court allowed WazirX’s parent company to meet with creditors.
**What’s your take on these developments?**
👉 Like, share, and comment below! Let’s discuss the future of crypto together.
#Bitcoin #CryptoNews🔒📰🚫 #WazirX #Cryptoscam #BinanceSquare
The crypto world is buzzing with big moves and shocking developments. Here’s what you need to know:
$BTC $ETH $SOL
1️⃣ **U.S. Establishes Strategic Bitcoin Reserve**
President Trump has signed an executive order to create a **strategic Bitcoin reserve**, funded by forfeited crypto assets. This move aims to leverage Bitcoin’s fixed supply and position it as a key component of national reserves—without burdening taxpayers. Is this the start of Bitcoin’s mainstream adoption? 🤔
2️⃣ **Arrest in Australian Crypto Scheme**
Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, was arrested for orchestrating a **$100,000 cryptocurrency scheme**. He faces up to **3 years in prison** and a **$37,800 fine**. Authorities allege he opened multiple bank accounts despite scam concerns.
3️⃣ **WazirX Hack: $234.9M Lost**
In July 2024, Indian exchange WazirX was hacked by the North Korean **Lazarus Group**, losing **$234.9 million** in investor funds. The breach exploited vulnerabilities in WazirX’s multisignature wallet system. Recovery plans are now underway after a Singapore court allowed WazirX’s parent company to meet with creditors.
**What’s your take on these developments?**
👉 Like, share, and comment below! Let’s discuss the future of crypto together.
#Bitcoin #CryptoNews🔒📰🚫 #WazirX #Cryptoscam #BinanceSquare
Finally, CZ breaks silence on WazirX! 🗣️
Are there any good exchanges in India? ⁉️
Even CoinDCX lags a bit for me. What do you guys think? 🧐
#wazirX #india_crypto
Are there any good exchanges in India? ⁉️
Even CoinDCX lags a bit for me. What do you guys think? 🧐
#wazirX #india_crypto
⚖️ القضاء يبرئ WazirX من الدعوى! ⚖️
أصدرت المحكمة الوطنية لفض نزاعات المستهلك (NCDRC) حكمًا يقضي برفض دعوى قضائية ضد منصة #WazirX، مشيرةً إلى أن العملات الرقمية 🪙 لا تُصنف ضمن السلع أو الخدمات وفقًا للقانون الهندي الحالي.
❗ غياب التشريعات يعرقل القضايا ❗
مع عدم وجود لوائح قانونية واضحة تحكم سوق الكريبتو في الهند 🇮🇳، لم تتمكن المحكمة من المضي قدمًا في القضية، مما يعكس الفجوة القانونية التي تواجهها هذه الأصول الرقمية 📉.
🔍 ماذا بعد؟
هذا القرار يسلط الضوء على الحاجة الماسة إلى إطار قانوني وتنظيمي واضح 📜 لحماية المستثمرين وضمان شفافية المعاملات في عالم العملات الرقمية المتنامي 🚀.
#India #WazirX #X #NCDRC #CryptoNews
أصدرت المحكمة الوطنية لفض نزاعات المستهلك (NCDRC) حكمًا يقضي برفض دعوى قضائية ضد منصة #WazirX، مشيرةً إلى أن العملات الرقمية 🪙 لا تُصنف ضمن السلع أو الخدمات وفقًا للقانون الهندي الحالي.
❗ غياب التشريعات يعرقل القضايا ❗
مع عدم وجود لوائح قانونية واضحة تحكم سوق الكريبتو في الهند 🇮🇳، لم تتمكن المحكمة من المضي قدمًا في القضية، مما يعكس الفجوة القانونية التي تواجهها هذه الأصول الرقمية 📉.
🔍 ماذا بعد؟
هذا القرار يسلط الضوء على الحاجة الماسة إلى إطار قانوني وتنظيمي واضح 📜 لحماية المستثمرين وضمان شفافية المعاملات في عالم العملات الرقمية المتنامي 🚀.
#India #WazirX #X #NCDRC #CryptoNews
#wazirx scamIndia
Whichever crypto you love most ?
tags your coins
#$XRP
#wazirx scam india
$DOGE
#DOGSONBINANCE
tags your coins
#$XRP
#wazirx scam india
$DOGE
#DOGSONBINANCE
There have been multiple crypto hacks in the history and once funds are gone, unfortunately they don't come back specially from a hackers that are professional.
Sometime hacks are pre planned.
#wazirx
Post credit : @ ?
Sometime hacks are pre planned.
#wazirx
Post credit : @ ?
Day 15 #wazirxhack #wazirx
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
Open Withdrawals Immediately.
Wazirx wanted to know the community feedback. The unanimous customer voice I am seeing on Twitter especially on their exchange handle is to open withdrawals for 55% of the crypto tokens and 100% of INR withdrawals.
It is almost two weeks since the hack. Everyone understands why withdrawals were disabled on 18th July. There was a breach and it is a rational response to close all the systems and do a thorough audit. Wazirx had finished that audit last week and announced their platform is safe and that only the external systems got breached. And 45% of the customer assets were lost.
There is no reason why withdrawals are still disabled after 15days. If crypto prices crash by 30% tomorrow, customers will not even get the 55% that is with Wazirx. Crypto is a 24/7 volatile market. As exchanges we don’t even close on Sundays or Midnight. To not allow access to the available assets is a crime. Many users might have urgent needs.
It is completely understandable you are working in parallel on the recovery to reduce the 45% gap. This is going to take time and the recovery may be in parts.
But these polls, feedback forms are delaying the customer access to their funds. They are saying they want to do the will of the community but they are ignoring the number 1 request. OPEN YOUR WITHDRAWALS FOR THE 55% of ASSET BALANCE.
#wazirX #WazirXHack #WazirXIndia
🌟 Unlock the Power of WRX on WazirX! 🌟
WRX is the utility token driving WazirX, India’s leading cryptocurrency exchange, built on the Binance blockchain. It’s not just a token; it’s your gateway to exclusive benefits within the WazirX ecosystem. Here's why you need WRX in your portfolio:
🔥 Why WRX? 🔥
1️⃣ Trading Fee Discounts 💰: Enjoy up to 50% off on trading fees when you pay with WRX. Save more while you trade!
2️⃣ Token Mining ⛏️: Mine WRX as you trade. The higher your trading volume, the more WRX you can earn!
3️⃣ Investment Potential 📈: WazirX’s growth fuels WRX’s value, making it a strong contender for long-term investors.
4️⃣ NFT Marketplace 🎨: Use WRX to buy unique NFTs and explore the digital collectibles space on WazirX's NFT platform.
5️⃣ Airdrops & Rewards 🎁: Be rewarded for being a holder! Gain access to exclusive airdrops and promotions.
6️⃣ Convert Dust to WRX 🔄: Turn small, unused balances into WRX, consolidating every bit of your assets efficiently.
🌐 Join the Future of Trading with WRX
Whether you're a trader, collector, or investor, WRX offers unmatched versatility in the crypto world. As WazirX expands, the potential of WRX grows too!
💡 Get WRX today and experience the next level of trading!
#WRX #WazirX #CryptoIndia #BinanceBlockchain #TradingBenefits #Write2Earn #NFTSuccess #CryptoRewards $LUNA
$LUNC
WRX is the utility token driving WazirX, India’s leading cryptocurrency exchange, built on the Binance blockchain. It’s not just a token; it’s your gateway to exclusive benefits within the WazirX ecosystem. Here's why you need WRX in your portfolio:
🔥 Why WRX? 🔥
1️⃣ Trading Fee Discounts 💰: Enjoy up to 50% off on trading fees when you pay with WRX. Save more while you trade!
2️⃣ Token Mining ⛏️: Mine WRX as you trade. The higher your trading volume, the more WRX you can earn!
3️⃣ Investment Potential 📈: WazirX’s growth fuels WRX’s value, making it a strong contender for long-term investors.
4️⃣ NFT Marketplace 🎨: Use WRX to buy unique NFTs and explore the digital collectibles space on WazirX's NFT platform.
5️⃣ Airdrops & Rewards 🎁: Be rewarded for being a holder! Gain access to exclusive airdrops and promotions.
6️⃣ Convert Dust to WRX 🔄: Turn small, unused balances into WRX, consolidating every bit of your assets efficiently.
🌐 Join the Future of Trading with WRX
Whether you're a trader, collector, or investor, WRX offers unmatched versatility in the crypto world. As WazirX expands, the potential of WRX grows too!
💡 Get WRX today and experience the next level of trading!
#WRX #WazirX #CryptoIndia #BinanceBlockchain #TradingBenefits #Write2Earn #NFTSuccess #CryptoRewards $LUNA
$LUNC
WazirX Thu Hồi 3 Triệu USD USDT Bị Đánh Cắp Từ Vụ Hack 230 Triệu USD
Sàn giao dịch tiền điện tử WazirX, từng là nền tảng lớn nhất tại Ấn Độ, đã đạt được bước tiến đáng kể trong nỗ lực thu hồi tài sản bị đánh cắp từ vụ hack trị giá 230 triệu USD hồi tháng 7/2024. Sau 4 tháng điều tra và phối hợp pháp lý, #WazirX đã đóng băng thành công 3 triệu USD USDT.
Hành trình thu hồi tài sản
Vụ tấn công mạng vào WazirX đã làm mất 45% lượng dự trữ của sàn, với các token ERC-20 trên mạng $ETH là mục tiêu chính. Ngay sau sự cố, WazirX đã khởi động các cuộc điều tra và được Tòa án Tối cao Singapore phê duyệt lệnh tạm ngừng nghĩa vụ thanh toán trong 4 tháng để tiến hành tái cấu trúc nợ.
Trong tháng 9/2024, các nhà phân tích từ Arkham Intelligence đã theo dõi khoảng 50 triệu USD tài sản bị đánh cắp được chuyển qua Tornado Cash, một công cụ trộn tiền điện tử giúp kẻ tấn công rửa tiền. Lần chuyển tiền lớn nhất, trị giá khoảng 10 triệu USD ETH, được ghi nhận vào ngày 25/9.
Nỗ lực minh bạch và hợp tác quốc tế
Tháng 10/2024, WazirX cam kết công khai thông tin về 240.000 địa chỉ ví và số dư, nhằm tăng cường minh bạch trong quá trình tái cấu trúc.
Vụ việc này cũng thu hút sự chú ý quốc tế khi một tuyên bố chung từ Mỹ, Nhật Bản, và Hàn Quốc cáo buộc vụ tấn công có liên quan đến Triều Tiên và nhóm hacker #LazarusGroup . Tuyên bố nhấn mạnh rằng các cuộc tấn công mạng như vậy đe dọa sự ổn định của hệ thống tài chính toàn cầu, đồng thời cảnh báo rằng nguồn tiền bị đánh cắp có thể được sử dụng để phát triển vũ khí hủy diệt hàng loạt.
Những vụ hack lớn nhất năm 2024
Vụ hack WazirX đứng thứ ba trong số các vụ tấn công mạng lớn nhất năm 2024, sau:
DMM Bitcoin: 308 triệu USD.PlayDapp: 290 triệu USD.
Kết luận
Với bước tiến quan trọng này, WazirX đang dần khôi phục niềm tin từ người dùng và ngành công nghiệp crypto. Tuy nhiên, vụ việc cũng nhấn mạnh sự cần thiết của các giải pháp bảo mật mạnh mẽ hơn để bảo vệ tài sản trong một lĩnh vực đầy rủi ro.#anhbacong
Hành trình thu hồi tài sản
Vụ tấn công mạng vào WazirX đã làm mất 45% lượng dự trữ của sàn, với các token ERC-20 trên mạng $ETH là mục tiêu chính. Ngay sau sự cố, WazirX đã khởi động các cuộc điều tra và được Tòa án Tối cao Singapore phê duyệt lệnh tạm ngừng nghĩa vụ thanh toán trong 4 tháng để tiến hành tái cấu trúc nợ.
Trong tháng 9/2024, các nhà phân tích từ Arkham Intelligence đã theo dõi khoảng 50 triệu USD tài sản bị đánh cắp được chuyển qua Tornado Cash, một công cụ trộn tiền điện tử giúp kẻ tấn công rửa tiền. Lần chuyển tiền lớn nhất, trị giá khoảng 10 triệu USD ETH, được ghi nhận vào ngày 25/9.
Nỗ lực minh bạch và hợp tác quốc tế
Tháng 10/2024, WazirX cam kết công khai thông tin về 240.000 địa chỉ ví và số dư, nhằm tăng cường minh bạch trong quá trình tái cấu trúc.
Vụ việc này cũng thu hút sự chú ý quốc tế khi một tuyên bố chung từ Mỹ, Nhật Bản, và Hàn Quốc cáo buộc vụ tấn công có liên quan đến Triều Tiên và nhóm hacker #LazarusGroup . Tuyên bố nhấn mạnh rằng các cuộc tấn công mạng như vậy đe dọa sự ổn định của hệ thống tài chính toàn cầu, đồng thời cảnh báo rằng nguồn tiền bị đánh cắp có thể được sử dụng để phát triển vũ khí hủy diệt hàng loạt.
Những vụ hack lớn nhất năm 2024
Vụ hack WazirX đứng thứ ba trong số các vụ tấn công mạng lớn nhất năm 2024, sau:
DMM Bitcoin: 308 triệu USD.PlayDapp: 290 triệu USD.
Kết luận
Với bước tiến quan trọng này, WazirX đang dần khôi phục niềm tin từ người dùng và ngành công nghiệp crypto. Tuy nhiên, vụ việc cũng nhấn mạnh sự cần thiết của các giải pháp bảo mật mạnh mẽ hơn để bảo vệ tài sản trong một lĩnh vực đầy rủi ro.#anhbacong
ese día 6 de julio 7 y 8 en adelante mi cuenta la pasaron a otras personas y hackearon mi celular y mi cuenta de Google #robaron mis criptos asta asían todo lo posible por robar mi Dinero 👿😡🤬me metieron en broncas legales solo para tener mi firma y mi INE cada mes$$$gracias a esas broncas oportunidades que tuve ofertas de trabajo con la 🎵🎵🎼 se perdieron #hackers #Wazirx #Criptos #Billeteras mi Cuenta en Binance super hackeada 👿👿
#Sin Yolanda Mari Carmen
es lo mismo que decir sin (Llorar )
por aka en #Mexico
#Jaja como quiera no me awito #Arre
#Sin Yolanda Mari Carmen
es lo mismo que decir sin (Llorar )
por aka en #Mexico
#Jaja como quiera no me awito #Arre
Delhi High Court orders new probe into WazirX amid Binance delisting
The Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack.
Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX
Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX
Something Brewing Behind the Scenes?
Our EyeOnChain team caught an interesting detail—#WazirX India’s X account i.e. @WazirXIndia follows no one. Zero. Not even Binance.
But here’s the twist: #Binance (@binance) still follows WazirX India, along with Binance Customer Support (@BinanceHelpDesk) and #YZILabs (@yzilabs).
What’s going on here? Could it mean $WRX making a comeback on Binance? Or is it just another crypto market enigma?
No confirmations, just observations. But one thing’s for sure—the crypto space never fails to surprise.
Our EyeOnChain team caught an interesting detail—#WazirX India’s X account i.e. @WazirXIndia follows no one. Zero. Not even Binance.
But here’s the twist: #Binance (@binance) still follows WazirX India, along with Binance Customer Support (@BinanceHelpDesk) and #YZILabs (@yzilabs).
What’s going on here? Could it mean $WRX making a comeback on Binance? Or is it just another crypto market enigma?
No confirmations, just observations. But one thing’s for sure—the crypto space never fails to surprise.
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