WazirX hack news has taken a dramatic turn as the Delhi High Court ordered a fresh investigation into the $235 million breach, following the Police's failure to find criminal evidence in their initial probe.

Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange's native token WRX.

WazirX is experiencing a rough patch. WRX's price crashed by 59% after Binance revealed its delisting plans for the token.

Binance attributed the delisting decision to its stringent asset evaluation process, which aims to ensure compliance with industry standards.

Delisting a token from major exchanges is often perceived as a lack of confidence in its viability or future, triggering negative market sentiment around the affected token.

Story Highlights The live price of the WazirX token is The WRX price might hit a maximum of $0.20 this year. WazirX price with a potential surge, could go as high as $1.00 by 2030. WazirX has experienced a major setback over the past few days by losing its major valuation.

WazirX (WRX), the native token of the Indian cryptocurrency exchange WazirX, has suffered a dramatic 50% price drop after two major developments shook investor confidence. Binance, a leading global cryptocurrency exchange, announced plans to delist the token, and the Delhi High Court ordered a fresh probe into the exchange's handling of a significant security breach.

WazirX (WRX) price has recorded a crash of over 50% today after the leading crypto exchange, Binance, revealed its delisting plans for the token. Besides, the Indian crypto exchange has also faced another major setback today, as the Delhi High Court has reportedly ordered a fresh probe of the exchange.

Binance the world's largest crypto exchange with 250 million users globally has announced the delisting of three digital assets—WazirX (WRX), Kaon (AKRO), and Bluzelle (BLZ). This move comes as part of Binance's regular reviews to ensure listed tokens meet its high standards.

WazirX token was one of the best performers on Dec. 3 as it formed a long God candle. WazirX (WRX) price jumped to a high of $0.

The controversial WazirX hack that resulted in the theft of $235 million in crypto sparked discussion about security in the industry. Affected users are demanding robust measures as they are missing out on the selling opportunity amid the bull run.

A series of rumours about WazirX's upcoming bankruptcy has already started buzzing within the Indian community on various platforms. Your turn at a glance WazirX, once a giant in the Indian crypto market, gets caught up in rumours of strategic departures led by its co-founder Nischal Shetty.

WazirX's parent, Zettai, seeks court approval to present a recovery plan addressing the $230M crypto theft. The post WazirX Parent Firm Moves to Organize Creditor Meeting for User Recovery Plan appeared first on Cryptonews.

Binance faces $86M in unpaid GST demands and scrutiny over $480M in transaction fees reportedly funneled to Nest Services Ltd.

WazirX has recalled a major update in its mission to revive its functionality and gain stakeholders' confidence. The latest happenings have been posted by founder Nischal Shetty on his Twitter, stating that the company has submitted a filing to the Singapore court to pass an order for creditors to meet.

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India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said.

The ongoing issue between WazirX and Binance escalated further when the user said that they lost money in the WazirX hack and tagged Binance's co-founder and former CEO in his tweet. In tears, the user posted and said this: “Time has proven that you were right. 😞😞😞😭😭 All funds gone.

On 18 July 2024, WazirX, India's largest cryptocurrency exchange, suffered a significant breach with $235 million (₹2,000 crore) siphoned from a single wallet. Initially blamed on the North Korean Lazarus Group, the hack raised alarms across India's crypto sector.

Could new allegations against WazirX reveal the truth about the July hack, or are frustrated users fueling unfounded conspiracy theories? WazirX under the radar “again” On Jul.

The suspect reportedly opened an account under a fake name and sold it to an accomplice, who then allegedly used it to hack the exchange.

Delhi police arrested a West Bengal resident in connection with a hacker attack that drained $235 million worth of crypto from WazirX.

Investigators said they faced challenges obtaining critical data from Liminal Custody, the company securing the exchange's cold wallets.

Indian authorities make first arrest linked to $235 million WazirX hack.

Delhi Police have made progress in investigating the $235 million breach of crypto exchange WazirX by arresting SK Masud Alam from Bengal. On Nov. 13, local media outlet IndiaToday reported that Alam allegedly set up a fake account on WazirX under the alias “Souvik Mondal.

The Indian authority made a huge breakthrough in what can be said the “biggest crypto heist in the country.” Delhi Police arrested an individual named “SK Masud” in connection with the cyberattack on WazirX.

Delhi Police has arrested a West Bengal resident in connection with the $230 million WazirX hack. The suspect allegedly created a fake account and sold it on Telegram to a buyer, who reportedly used it to exploit the exchange security.

Delhi Police have made a breakthrough in the $235 million WazirX hack case, arresting a key suspect in West Bengal.

Delhi Police made a breakthrough in the WazirX hacking case, arresting a key suspect in West Bengal.

Indian police arrested a suspect linked to the $234m WazirX cyberattack for allegedly creating and selling a fake account used to breach the exchange. The post Indian Police Arrest Suspect in Connection with WazirX's $234M Hack appeared first on Cryptonews.

It is another blow for the Indian cryptocurrency exchange WazirX, with the Delhi Police arresting West Bengal-based SK Masud Alam who is thought to have been engaged in a serious hack according to indian news channel India Today.

Indian Police have arrested SK Masud Alam, a resident of West Bengal, for his alleged role in the WazirX hack. Earlier this year, the hack resulted in over $230 million in cryptocurrency losses, as customers were unable to withdraw their funds.

Bitcoin bull run is now underway, with prices soaring to a new all-time high of over $81,800. However, WazirX users are left out of this rally due to the exchange's restructuring.

Reeling from a multi-million dollar hack, the exchange is rolling out new recovery measures.

WazirX plans to launch and distribute recovery tokens to affected users, enabling them to recoup nearly half of their lost assets.

Following a $235 million hack in July 2024, Indian crypto exchange WazirX plans to launch a decentralized exchange in early 2025, featuring its own governance token and user-controlled assets.

WazirX plans to restart trading alongside new features, a recovery token, and a decentralized exchange to make creditors whole.

WazirX announced plans to launch a decentralized exchange (DEX) as part of a broader effort to enhance user security. The move follows a major breach in July, when hackers siphoned $235 million from the platform, sparking concerns over the security of centralized exchanges.

WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.

Indian Crypto Currency Exchange WazirX which was recently hacked for over $230 million, in a latest X post has revealed plans to issue a Recovery Token to settle outstanding debts with creditors. 📢 Recovery Token for Outstanding Debt SettlementWe are working towards launching a Recovery Token.

WazirX, a cryptocurrency exchange that was recently hacked for over $230 million, plans to issue a Recovery Token to settle outstanding debts with creditors. The official announcement said that the token will be airdropped in proportion to creditors on their platform balance, which will offer a tangible route for creditors to recover funds.

WazirX is launching a recovery token for creditors aimed at addressing unpaid debts and recovering assets through methods.

WazirX held its first creditor meeting on October 15 as part of its restructuring efforts after the July hack. Only four out of ten Committee of Creditor (COC) members attended, raising concerns about representation.

CoinDCX launched the world's first decentralized crypto custody feature, allowing 15 million users to maintain control over their digital assets.

Indian crypto exchange CoinDCX has launched the world's first decentralized custody solution, giving users direct control over their crypto assets. According to an Oct. 30 announcement shared with crypto.

The victims of the WazirX hack last July 2024 are now planning a class-action lawsuit. According to multiple sources, a group of victims is finalizing the plans to sue India's largest crypto exchange to recover more than $600,000 in crypto assets.

WazirX faces another hurdle amid its restructuring plan as disgruntled hack victims threaten a class-action lawsuit.

A group of victims is preparing a lawsuit against crypto exchange WazirX following the $235 million hack.