The Delhi High Court has directed a re-investigation into the hack of Indian cryptocurrency exchange WazirX, rejecting the initial findings by local police.
Initial Investigation and Court's Intervention
The original police investigation concluded no criminal case was warranted. However, the court questioned these findings, calling for a thorough examination of the hack's circumstances and financial implications.
Background on the WazirX Hack
The WazirX hack was reported after unauthorized access to the platform's systems, raising concerns about potential financial losses and compromised user data.
Impact of Binance’s Delisting Decision
The controversy surrounding WazirX was intensified by Binance's decision to delist WRX, leading to a drop in token value and raising questions about WazirX's credibility.
The Delhi High Court's directive for a re-investigation marks a pivotal moment for WazirX and the broader Indian cryptocurrency landscape.
