Web3India

WazirX Set to Restart After $234M Hack — Final Court Hearing on May 13

Indian crypto exchange WazirX is making a comeback! After the $234M hack in July 2024 linked to North Korean attackers, the exchange is awaiting a crucial May 13 sanction hearing in Singapore. If approved, WazirX will restart operations and begin compensating users within 10 business days.

Over 90% of creditors have already voted in favor of a recovery plan involving special tokens, aiming to return 75–80% of user balances.

However, the Supreme Court of India recently dismissed a petition from 54 victims, citing it as a matter of crypto policy—not one for the judiciary.

All eyes now on the Singapore High Court. Will WazirX rise again?
$BTC

#CryptoNews #WazirX #SingaporeCourt #CryptoRecovery #Web3India

🇮🇳 Binance is Back in India – Fully Compliant! 🎉

We’re excited to share that Binance is now fully operational in India ✅
Registered with FIU-IND and fully compliant under PMLA regulations 📜

🔹 Paid ₹18.82 Cr (~$2.25M) as a regulatory fine 💸
🔹 Indian users now have full access to Binance app & website 📲
🔹 Local payment support, Indian team, and Web3 investments on the way 🚀

Binance is here to build trust, follow the rules, and grow with the Indian crypto community! ❤️‍🔥

#BinanceIndia 🇮🇳 #CryptoUpdate #Regulation #PMLA #FIUIND #Web3India #TRXETF #FederalReserveIndependence #TrumpVsPowell #BinanceAlphaAlert $BTC $ETH $XRP

🇮🇳 "The Indian Government is considering new crypto laws – is it good?" 🔥
📜 Indian crypto investors currently have to pay 30% tax. The new law could make it easier.
💡 Will this promote Web3 and DeFi? Or will it be another new restriction?
👇 Share your thoughts in the comments!
#क्रिप्टोभारत
#बिटकॉइनइंडिया
#cryptoindia
#Web3India
$BNB
$BTC
$SOL