Tagged: wazirx

November 1, 2026 @ 6:06 am By Omar Faridi  |  

Indian cryptocurrency platforms have endured a series of significant security breaches in recent years, leaving users with incomplete recoveries and highlighting structural weaknesses that set them apart from larger international counterparts. Exchanges including CoinDCX and WazirX have been among the most prominent targets, while others… Read More

October 29, 2025 @ 1:34 am By Omar Faridi  |  

Somewhat unsurprisingly, a court in India recently ruled in favor of an XRP investor against crypto exchange  WazirX and provider the trader with interim protection by preventing the digital assets platform from reallocating the customer’s XRP holdings. In an order issued this past Saturday (on… Read More

October 23, 2025 @ 2:17 pm By Omar Faridi  |  

Crypto exchange WazirX is reportedly planning to resume its trading operations this coming Friday (October 24, 2025) following 16 long months of closure. As widely reported, WazirX had been forced to suspend trading activity after a massive hack / security breach that resulted in a… Read More

October 14, 2025 @ 10:30 pm By Omar Faridi  |  

The Singapore High Court has reportedly approved crypto exchange WazirX‘s debt restructuring scheme on October 13, 2025. The announcement has come after the Indian digital currency exchange had been hacked in July of 2024. This court approval in Singapore enables the crypto platform to proceed… Read More

July 19, 2025 @ 5:49 pm By Omar Faridi  |  

On July 19, 2025, CoinDCX, one of India’s cryptocurrency exchanges, suffered a significant security breach, resulting in a loss of approximately $44 million. The incident, which occurred exactly one year after a devastating $235 million hack of rival exchange WazirX, has reignited concerns about the… Read More

April 20, 2025 @ 8:01 pm By Omar Faridi  |  

The Supreme Court of India dismissed a petition filed by 54 victims of the WazirX hack on April 16, 2025, seeking action against the crypto exchange and its associates. The decision underscores the persistent regulatory ambiguity surrounding cryptocurrencies in India, leaving victims of the $235… Read More

April 4, 2025 @ 10:06 am By Omar Faridi  |  

North Korea has emerged as a somewhat unexpected powerhouse in the world of cryptocurrency—not as a legitimate player, but as a prolific cybercriminal state. According to a detailed investigation by The Wall Street Journal, the isolated nation has pilfered more than $6 billion in digital… Read More

January 26, 2025 @ 12:16 pm By Omar Faridi  |  

In a major development for Indian cryptocurrency exchange WazirX, the Singapore High Court has officially endorsed the platform’s restructuring plan, offering a path toward repaying user funds lost in a substantial cyberattack. This hack, which occurred in July 2024, resulted in a $235 million loss… Read More

November 18, 2024 @ 10:05 pm By Omar Faridi  |  

A Bengali man was recently taken into police custody, allegedly in connection with the massive $235 million WazirX crypto hack reported earlier this year. Delhi authorities (in India) apparently made a significant breakthrough in the WazirX hacking incident, by arresting a suspect residing in West… Read More

October 17, 2024 @ 10:13 am By Omar Faridi  |  

One of India’s largest and most prominent crypto exchanges, WazirX, had experienced a damaging security breach back in July of this year. If you go and review some of WazirX’s online / social media activity even now, they don’t seem to have resolved this issue… Read More

October 3, 2022 @ 7:44 pm By Omar Faridi  |  

Directorate of Enforcement (ED) in India has reportedly frozen the cryptocurrencies WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar) equivalent to Rs 47.64 Lakhs (appr. $58,000) “under the provisions ofthe Prevention of… Read More

January 31, 2021 @ 11:50 pm By Omar Faridi  |  

The Indian Parliament will reportedly be considering a government-supported bill that could place a ban on “private” cryptocurrencies during its upcoming budget session. Since the nation’s ruling party has control over both houses of Parliament, there’s a fairly good chance that the proposed bill could… Read More

June 13, 2020 @ 9:36 am By Omar Faridi  |  

Indian officials are reportedly considering passing a law that would ban the use of decentralized cryptocurrencies.  As reported by India’s Economic Times, the nation’s government might see a legal framework as being more effective than the Reserve Bank of India’s (RBI) blanket ban on crypto-assets…. Read More

June 6, 2020 @ 2:56 pm By Omar Faridi  |  

Nischal Shetty, founder and CEO at WazirX, an Indian cryptocurrency exchange acquired by Binance, claims that government agencies in the country have begun to take more interest in understanding and even helping to grow the nation’s nascent digital asset and blockchain ecosystem. Shetty noted via… Read More

February 26, 2019 @ 10:33 am By Cali Haan  |  

The Supreme Court of India yesterday ordered the Indian state to establish rules to govern the cryptocurrencies and sector there within four weeks, Inc42 reports. Justices Rohinton Fali Nariman and Vineet Saran also declined to hear from any more petitioners regarding an ongoing legal fight against… Read More