Indian Court Blocks WazirX $XRP Reallocation Amid 2024 Hack Case
The Madras High Court has granted interim protection to a WazirX user, preventing the exchange from redistributing her XRP as part of its Singapore-led restructuring plan. The ruling recognizes cryptocurrency as property capable of being held in trust, offering legal relief to users affected by WazirX’s 2024 hack. This decision may set an important precedent for how Indian courts handle claims against crypto exchanges operating under foreign jurisdictions.
