CoinVoice has recently learned that the Delhi High Court ordered a new investigation into the platform on December 18, the same day Binance announced it would delist the exchange's native token WRX. This investigation was prompted by allegations of a previous hacking incident and concerns over financial misconduct.
Previously, lawyer Jaivir Bains submitted a petition calling for criminal charges against WazirX, accusing it of misconduct in July 2024, leading to a loss of $235 million in cryptocurrency. The court subsequently issued the above directive. A preliminary report from the Delhi police concluded that the case could not be established, but Judge Sanjeev Narula dismissed this finding and requested an updated report by February 2025.
This investigation highlights ongoing skepticism about the operational integrity of WazirX. Cybersecurity company Cyfirma led part of the recovery efforts, but the exchange acknowledged that 43% of customer funds remain unrecoverable. [Original link]
