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April 16, 2025

WazirX Investors Face Setback as Supreme Court Dismisses Petition Involving Huge Crypto Hack

The Supreme Court has ruled against a petition filed by 54 users of the WazirX exchange, dealing a significant blow to crypto investors in India. These users sought urgent relief after suffering losses in a massive ₹2,000 crore cyberattack. The court’s decision leaves these investors seeking redemption amidst ongoing concerns about security in the cryptocurrency space. As regulatory scrutiny intensifies, investors remain on high alert regarding the safety of their funds in exchanges. This ruling may impact investor confidence in the market and prompt a push for stricter protections against crypto fraud.

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