India's Supreme Court rejects WazirX hacking victims' petition
2025-04-21 01:45:40
According to CCN, the Supreme Court of India rejected the petition of 54 victims of the WazirX hacking case due to the lack of a clear regulatory framework for cryptocurrencies, saying that the court has no power to intervene in such policy matters and advised the victims to appeal to the relevant regulators. The case involves user funds worth about $235 million. WazirX is currently undergoing court-supervised restructuring in Singapore, and users are expected to recover only 45% -50% of their losses at most.
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