**Weekly Crypto News Roundup: Elderly Scams, WazirX Legal Woes, and Market Rebounds**

**Elderly Crypto Scams in China**

Chinese seniors are falling victim to cult-like cryptocurrency mining scams, according to Blue Whale Finance. These schemes involve simple clicker games where users tap screens to earn points and complete tasks. Victims are often asked to pay fees and invite others, leading to significant financial losses and family disputes.

**WazirX Faces Legal Challenges**

Indian crypto exchange WazirX is under scrutiny after a $235 million hack. A legal petition filed with the National Company Law Tribunal seeks to investigate potential fraud and mismanagement. The tribunal's findings could lead to asset freezes and penalties for executives.

**Market Rebounds Amid Rate Hike Fears**

Global markets, including crypto, bounced back after Bank of Japan Deputy Governor Shinichi Uchida assured no further rate hikes. This follows market turmoil caused by a recent interest rate increase. Major firms like Jump Trading are reportedly facing losses, while Tokyo-based Metaplanet is seizing the opportunity to buy more Bitcoin.

**Do Kwon's Extradition Delayed**

Montenegro's Supreme Court has postponed the extradition of Do Kwon to South Korea. The former CEO of Terraform Labs, involved in a $40 billion fraud, remains in custody as legal reviews continue.