The Delhi High Court has initiated an inquiry into the ₹2,000 crore hack of cryptocurrency exchange WazirX. Following a request from an investor, the court has issued notices to the Enforcement Directorate and the Financial Intelligence Unit. The hacking incident occurred in July 2024, resulting in a loss of around ₹1,900 crores. The management of WazirX decided to merge affected and unaffected user funds, raising concerns about the distribution of losses. The court's action demonstrates a commitment to accountability in the crypto sector and highlights the need for stronger oversight of exchanges. The outcome of the case could have significant implications for the broader cryptocurrency market in India.



Other News from Today