The Delhi High Court has rejected the police report on the WazirX hack case, calling for a new investigation.
Context and Initial Case Stages
On October 18, the Delhi High Court accepted a petition filed by Advocate Jaivir Bains, demanding a criminal investigation into the WazirX hack. Justice Sanjeev Narula requested a status report from the Delhi Police on the matter.
Police Stance and Court Reaction
The Delhi police submitted a report stating no criminal case could be made from Advocate Jaivir's complaint. However, Justice Narula dismissed this report and instructed the deputy commissioner to provide a new report by February 13, 2025.
Next Steps and Upcoming Hearings
Sources indicate that the petition suggests WazirX management transferred ₹600 crores (approximately $72 million) to the Chinese Bybit exchange following the July 18 hack. The next court hearing is scheduled for February 13, 2025.
The court continues to seek transparency and further evidence in the WazirX case, highlighting the need for detailed investigations.
