Bitcoin

WazirX

<ul class="wp-block-list">
 <li>Investor Jaivir Bains has filed a petition against WazirX in the Delhi High Court over a $230M hack.</li>
 <li>The Delhi High Court has issued notices to the FIU and ED regarding the investigation into the WazirX hack.</li>
</ul>
A Singapore court recently granted a <a href="https://thenewscrypto.com/wazirx-secures-four-month-moratorium-after-two-months-post-hack/" target="_blank" rel="noopener noreferrer nofollow">four-month moratorium</a> to Indian crypto exchange WazirX, giving the company time to restructure its operations without facing legal challenges. Meanwhile, on October 18, the Delhi High Court heard a petition from investor Jaivir Bains, who urged action against WazirX for merging funds after a massive hacking incident in July 2024. This hack led to the misappropriation of ₹2,000 crores (around $230 million) from WazirX’s multi-signature wallet server.
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="769" height="213" src="https://thenewscrypto.com/wp-content/uploads/2024/10/image-52.png" alt="" class="wp-image-111230" srcset="https://thenewscrypto.com/wp-content/uploads/2024/10/image-52.png 769w, https://thenewscrypto.com/wp-content/uploads/2024/10/image-52-300x83.png 300w" sizes="(max-width: 769px) 100vw, 769px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://delhihighcourt.nic.in/court/dhc_case_status_list_new?sno=3&amp;adv=ankit+bhatia&amp;cyear=2024" target="_blank" rel="noopener noreferrer nofollow">High Court of Delhi</a>)
 </figcaption>
 </figure>
</div>
According to the local news report, the petition urged the Delhi High Court to issue notices to India’s Enforcement Directorate (ED) and Financial Intelligence Unit (FIU) to investigate the <a href="https://thenewscrypto.com/stolen-wazirx-funds-on-the-move-amid-active-investigation/" target="_blank" rel="noopener noreferrer nofollow">WazirX hack</a>. The court is also awaiting a status report from Delhi Police’s IFSO unit on the incident. The case was presented before Justice Sanjeev Narula.&nbsp;
Further, the Delhi High Court noted that it can’t directly order an investigation into the WazirX hack due to crypto being unregulated in India. However, the court has not yet issued a final decision or instructed any agencies to take action, and a detailed order is expected at a later date.
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/will-bitcoin-btc-form-a-new-top-if-68k-is-tested/" target="_blank" rel="noopener noreferrer nofollow">Will Bitcoin (BTC) Form a New Top If $68K Is Tested?</a>

Delhi High Court Seeks Clarification from ED and FIU on WazirX Hack

TheNewsCrypto

Other articles published on Oct 18, 2024

SHIB Burns Skyrocket on All Time Frames: What's Happening?

Can Cardano Hit $0.48? Or Will Lunex Network Be the Next DeFi Superstar as Fantom Holders Embrace...

Crypto VC-Linked Entity Loses $36M to Phishing Attack - Report

Expert Forecasts Major Surge for XRP, LDO and LNEX With Price Predictions of a 1800% Increase

Zig Network starts presale: Expected to leave ADA, XLM behind by 2025

Elon Musk discusses DOGE cabinet position, economics at Trump rally

Join our free newsletter for daily crypto updates!