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**🚨 Breaking Crypto News: Major Updates You Can’t Miss! 🚨**
The crypto world is buzzing with big moves and shocking developments. Here’s what you need to know:
$BTC $ETH $SOL
1️⃣ **U.S. Establishes Strategic Bitcoin Reserve**
President Trump has signed an executive order to create a **strategic Bitcoin reserve**, funded by forfeited crypto assets. This move aims to leverage Bitcoin’s fixed supply and position it as a key component of national reserves—without burdening taxpayers. Is this the start of Bitcoin’s mainstream adoption? 🤔
2️⃣ **Arrest in Australian Crypto Scheme**
Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, was arrested for orchestrating a **$100,000 cryptocurrency scheme**. He faces up to **3 years in prison** and a **$37,800 fine**. Authorities allege he opened multiple bank accounts despite scam concerns.
3️⃣ **WazirX Hack: $234.9M Lost**
In July 2024, Indian exchange WazirX was hacked by the North Korean **Lazarus Group**, losing **$234.9 million** in investor funds. The breach exploited vulnerabilities in WazirX’s multisignature wallet system. Recovery plans are now underway after a Singapore court allowed WazirX’s parent company to meet with creditors.
**What’s your take on these developments?**
👉 Like, share, and comment below! Let’s discuss the future of crypto together.
#Bitcoin #CryptoNews🔒📰🚫 #WazirX #Cryptoscam #BinanceSquare
The crypto world is buzzing with big moves and shocking developments. Here’s what you need to know:
$BTC $ETH $SOL
1️⃣ **U.S. Establishes Strategic Bitcoin Reserve**
President Trump has signed an executive order to create a **strategic Bitcoin reserve**, funded by forfeited crypto assets. This move aims to leverage Bitcoin’s fixed supply and position it as a key component of national reserves—without burdening taxpayers. Is this the start of Bitcoin’s mainstream adoption? 🤔
2️⃣ **Arrest in Australian Crypto Scheme**
Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, was arrested for orchestrating a **$100,000 cryptocurrency scheme**. He faces up to **3 years in prison** and a **$37,800 fine**. Authorities allege he opened multiple bank accounts despite scam concerns.
3️⃣ **WazirX Hack: $234.9M Lost**
In July 2024, Indian exchange WazirX was hacked by the North Korean **Lazarus Group**, losing **$234.9 million** in investor funds. The breach exploited vulnerabilities in WazirX’s multisignature wallet system. Recovery plans are now underway after a Singapore court allowed WazirX’s parent company to meet with creditors.
**What’s your take on these developments?**
👉 Like, share, and comment below! Let’s discuss the future of crypto together.
#Bitcoin #CryptoNews🔒📰🚫 #WazirX #Cryptoscam #BinanceSquare
THE BIGGER RISK IS TIME 😡😡 in WAZIRX CASE:
Over the past few weeks, there’s been a LOT OF NOISE around the #WazirX REStructuring plan, so let’s keep it simple.
The MAJORITY i.e. over 95% of users are voted in favor because it offers clarity: quick distribution, around 85% recovery in fiat, plus recovery tokens for future upside. ON THE OTHER HAND, a small group of influencers chose to oppose it, taking the matter to court, which has only delayed things for everyone else.
THE BIGGER RISK IS TIME:: if the bull run loses steam and the market dumps 80 to 90%, then waiting for “full funds” doesn’t really matter, because the portfolio value will shrink either way. THAT'S WHY this isn’t about ego or drama; it’s about being practical. The faster the APPROVAL, the safer the RECOVERY.
What do you think; should we focus on quick recovery, or keep waiting and risk a market crash? Drop your thoughts below 👇
#crypto #WAZIRXSCAM
Over the past few weeks, there’s been a LOT OF NOISE around the #WazirX REStructuring plan, so let’s keep it simple.
The MAJORITY i.e. over 95% of users are voted in favor because it offers clarity: quick distribution, around 85% recovery in fiat, plus recovery tokens for future upside. ON THE OTHER HAND, a small group of influencers chose to oppose it, taking the matter to court, which has only delayed things for everyone else.
THE BIGGER RISK IS TIME:: if the bull run loses steam and the market dumps 80 to 90%, then waiting for “full funds” doesn’t really matter, because the portfolio value will shrink either way. THAT'S WHY this isn’t about ego or drama; it’s about being practical. The faster the APPROVAL, the safer the RECOVERY.
What do you think; should we focus on quick recovery, or keep waiting and risk a market crash? Drop your thoughts below 👇
#crypto #WAZIRXSCAM
There have been multiple crypto hacks in the history and once funds are gone, unfortunately they don't come back specially from a hackers that are professional.
Sometime hacks are pre planned.
#wazirx
Post credit : @ ?
Sometime hacks are pre planned.
#wazirx
Post credit : @ ?
#wazirx scamIndia
Whichever crypto you love most ?
tags your coins
#$XRP
#wazirx scam india
$DOGE
#DOGSONBINANCE
tags your coins
#$XRP
#wazirx scam india
$DOGE
#DOGSONBINANCE
Delhi High Court orders new probe into WazirX amid Binance delisting
The Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack.
Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX
Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX
Something Brewing Behind the Scenes?
Our EyeOnChain team caught an interesting detail—#WazirX India’s X account i.e. @WazirXIndia follows no one. Zero. Not even Binance.
But here’s the twist: #Binance (@binance) still follows WazirX India, along with Binance Customer Support (@BinanceHelpDesk) and #YZILabs (@yzilabs).
What’s going on here? Could it mean $WRX making a comeback on Binance? Or is it just another crypto market enigma?
No confirmations, just observations. But one thing’s for sure—the crypto space never fails to surprise.
Our EyeOnChain team caught an interesting detail—#WazirX India’s X account i.e. @WazirXIndia follows no one. Zero. Not even Binance.
But here’s the twist: #Binance (@binance) still follows WazirX India, along with Binance Customer Support (@BinanceHelpDesk) and #YZILabs (@yzilabs).
What’s going on here? Could it mean $WRX making a comeback on Binance? Or is it just another crypto market enigma?
No confirmations, just observations. But one thing’s for sure—the crypto space never fails to surprise.
🚨 Bombay High Court sides with CoinSwitch 🇮🇳
Court allows recovery of stolen assets from #WazirX after $234M crypto theft.
Big question: when will users get refunds? 🤯
Court allows recovery of stolen assets from #WazirX after $234M crypto theft.
Big question: when will users get refunds? 🤯
Trading on Indian exchanges is a joke.
#Binance remains unmatched — that’s why it’s called the King of Crypto Exchanges 👑
One big lesson from the #WazirX scam:
Not your keys, not your coins.
If your crypto sits on an exchange, you don’t own it — they do.
Now here’s the legal paradox:
If users don’t truly own the crypto on these platforms,
Why are we paying capital gains tax and TDS?
What’s being traded — real assets or just numbers on a screen?
Also, if WazirX claims all July 18 transactions were reversed…
Why did they still deduct TDS?
This isn’t just shady — it’s a scam that demands answers.
#Binance remains unmatched — that’s why it’s called the King of Crypto Exchanges 👑
One big lesson from the #WazirX scam:
Not your keys, not your coins.
If your crypto sits on an exchange, you don’t own it — they do.
Now here’s the legal paradox:
If users don’t truly own the crypto on these platforms,
Why are we paying capital gains tax and TDS?
What’s being traded — real assets or just numbers on a screen?
Also, if WazirX claims all July 18 transactions were reversed…
Why did they still deduct TDS?
This isn’t just shady — it’s a scam that demands answers.
See original
that day July 6, 7, and 8 onwards my account was transferred to other people and they hacked my cell phone and my Google account #robaron my cryptos even did everything possible to steal my Money 👿😡🤬they got me into legal troubles just to have my signature and my INE every month$$$thanks to those troubles opportunities I had job offers with the 🎵🎵🎼 were lost #hackers #Wazirx #Criptos #Billeteras my Account on Binance super hacked 👿👿
#Without Yolanda Mari Carmen
is the same as saying without (Crying)
around here in #Mexico
#Haha anyway I'm not scared #Let's go
#Without Yolanda Mari Carmen
is the same as saying without (Crying)
around here in #Mexico
#Haha anyway I'm not scared #Let's go
WazirX Users Approve New Restructuring Plan After $234M Hack
Crypto exchange WazirX is moving forward with its recovery efforts after last year’s $234 million hack, as nearly 95% of creditors voted in favor of a revised restructuring plan. This decision comes after the Singapore High Court rejected an earlier proposal over regulatory concerns.
Fresh Vote and Revised Plan
According to WazirX, around 150,000 creditors participated in the latest vote, representing more than $206 million of affected funds. The plan retains the recovery token model, which allows users to receive tokens representing unrecovered balances. These tokens will be repurchased gradually using profits and recovered assets, with holders eligible for periodic payouts.
Operational Shift and New Entity Involvement
One major adjustment is the management of repayments. Instead of being handled by WazirX’s Singapore-based parent company Zettai, the responsibility will now fall under Zanmai India, an entity regulated by India’s Financial Intelligence Unit. Additionally, the exchange created Zensui Corporation in Panama to oversee services previously run out of Singapore.
Timeline and User Concerns
WazirX founder Nischal Shetty stated that if the Singapore High Court approves the plan, operations could restart and user compensation could begin within 10 days. This is significantly faster than the earlier two to three-month timeline estimated by restructuring advisor George Gwee of Kroll.
However, without creditor support, repayments could be delayed until 2030, leaving liquidation of assets as the only fallback option. Many users remain skeptical of the shifting corporate structures and regulatory obstacles. Some also raised concerns about unaffected holders whose tokens appreciated since the hack, potentially leaving them at a disadvantage under the recovery scheme.
Next Steps
While creditor approval marks progress, the revised restructuring plan still requires review from the Singapore High Court. As of now, WazirX has not issued an updated timeline for when compensation will begin.
The post appeared first on CryptosNewss.com
#WazirX $WRX
Fresh Vote and Revised Plan
According to WazirX, around 150,000 creditors participated in the latest vote, representing more than $206 million of affected funds. The plan retains the recovery token model, which allows users to receive tokens representing unrecovered balances. These tokens will be repurchased gradually using profits and recovered assets, with holders eligible for periodic payouts.
Operational Shift and New Entity Involvement
One major adjustment is the management of repayments. Instead of being handled by WazirX’s Singapore-based parent company Zettai, the responsibility will now fall under Zanmai India, an entity regulated by India’s Financial Intelligence Unit. Additionally, the exchange created Zensui Corporation in Panama to oversee services previously run out of Singapore.
Timeline and User Concerns
WazirX founder Nischal Shetty stated that if the Singapore High Court approves the plan, operations could restart and user compensation could begin within 10 days. This is significantly faster than the earlier two to three-month timeline estimated by restructuring advisor George Gwee of Kroll.
However, without creditor support, repayments could be delayed until 2030, leaving liquidation of assets as the only fallback option. Many users remain skeptical of the shifting corporate structures and regulatory obstacles. Some also raised concerns about unaffected holders whose tokens appreciated since the hack, potentially leaving them at a disadvantage under the recovery scheme.
Next Steps
While creditor approval marks progress, the revised restructuring plan still requires review from the Singapore High Court. As of now, WazirX has not issued an updated timeline for when compensation will begin.
The post appeared first on CryptosNewss.com
#WazirX $WRX
See original
WazirX Comeback: India’s Biggest Crypto Exchange Returns Stronger
Date: 23 October 2025
A year in the crypto world is very long. And WazirX, which was once India's largest exchange, completely went dark after the $230M hack in July 2024. Now finally, after court-approved restructuring (under Zettai Pte. Ltd., Singapore), WazirX is making a comeback. Relaunch is happening on 24 October 2025 — and honestly, this looks like the biggest comeback in India's crypto history.
A year in the crypto world is very long. And WazirX, which was once India's largest exchange, completely went dark after the $230M hack in July 2024. Now finally, after court-approved restructuring (under Zettai Pte. Ltd., Singapore), WazirX is making a comeback. Relaunch is happening on 24 October 2025 — and honestly, this looks like the biggest comeback in India's crypto history.
WazirX Set to Relaunch Oct 24 — Zero-Fee Trading for First 30 Days
India’s leading crypto exchange, WazirX, is making its comeback on October 24, 2025, following a court-approved restructuring after a major hack.
As part of its “Restart Offer”, WazirX will roll out zero trading fees across all pairs for the first 30 days.
🔍 Why This Matters for Crypto
The relaunch comes after a ~$230-$235 million hack and year-long shutdown — a major test of user confidence.
Zero-fee trading may drive mass inflows, boost trading volumes, and reignite interest in Indian crypto markets.
This move could impact global platforms too — as Indian users look to trade locally, liquidity patterns may shift across regional exchanges.
📊 What Traders Should Watch
Monitor volume spikes in the new WazirX markets (initial pair USDT/INR + crypto-crypto) starting Oct 24.
Ensure your asset transfers and wallet balances are ready ahead of the relaunch — liquidity may be volatile.
Watch regional coin demand: increased Indian market activity could influence altcoin flows globally.
❓Micro-Questionnaire for Traders
1️⃣ Will you trade on WazirX when it resumes?
2️⃣ Do you think zero-fee trading will significantly boost Indian market volume?
3️⃣ Could a rejuvenated Indian exchange increase global altcoin liquidity?
Drop your thoughts 👇
#WazirX #cryptoindia #ZeroFeeTrading #BinanceFeed #CryptoMarkets
✅ India Court Orders WazirX to Reveal Binance Deal 🧾
The Delhi High Court has told WazirX operator Zettai to disclose acquisition terms with Binance, including files from the Singapore restructuring plan.
This comes after a $235 million hack raised questions about who really owns #WazirX .
📌 Why it matters:
Transparency builds trust. With clearer ownership records, users feel safer using crypto platforms — especially in countries with gray regulations.
Should all major exchanges be required to publish ownership details?
#CryptoSecurity #transparency #CryptoIndia #IndiaNews
The Delhi High Court has told WazirX operator Zettai to disclose acquisition terms with Binance, including files from the Singapore restructuring plan.
This comes after a $235 million hack raised questions about who really owns #WazirX .
📌 Why it matters:
Transparency builds trust. With clearer ownership records, users feel safer using crypto platforms — especially in countries with gray regulations.
Should all major exchanges be required to publish ownership details?
#CryptoSecurity #transparency #CryptoIndia #IndiaNews
Finally, CZ breaks silence on WazirX! 🗣️
Are there any good exchanges in India? ⁉️
Even CoinDCX lags a bit for me. What do you guys think? 🧐
#wazirX #india_crypto
Are there any good exchanges in India? ⁉️
Even CoinDCX lags a bit for me. What do you guys think? 🧐
#wazirX #india_crypto
🚨 BREAKING: Bombay High Court rules in favor of CoinSwitch, allowing it to secure stolen assets held on WazirX after the $234M crypto theft.
A major legal precedent for crypto recovery in India. 🇮🇳⚖️
#coinswitch #WazirX #CryptoNews
A major legal precedent for crypto recovery in India. 🇮🇳⚖️
#coinswitch #WazirX #CryptoNews
See original
WazirX Recovers 3 Million USD USDT Stolen From 230 Million USD Hack
The cryptocurrency exchange WazirX, once the largest platform in India, has made significant strides in its efforts to recover stolen assets from the 230 million USD hack in July 2024. After 4 months of investigation and legal coordination, #WazirX successfully froze 3 million USD in USDT.
The asset recovery journey
The cyber attack on WazirX resulted in a loss of 45% of the exchange's reserves, with ERC-20 tokens on the $ETH network being the primary targets. Immediately after the incident, WazirX initiated investigations and obtained a temporary order from the Supreme Court of Singapore to suspend payment obligations for 4 months to proceed with debt restructuring.
The asset recovery journey
The cyber attack on WazirX resulted in a loss of 45% of the exchange's reserves, with ERC-20 tokens on the $ETH network being the primary targets. Immediately after the incident, WazirX initiated investigations and obtained a temporary order from the Supreme Court of Singapore to suspend payment obligations for 4 months to proceed with debt restructuring.
See original
⚖️ The judiciary acquits WazirX from the lawsuit! ⚖️
The National Consumer Disputes Redressal Commission (NCDRC) issued a ruling rejecting the lawsuit against the #WazirX platform, noting that cryptocurrencies 🪙 are not classified as goods or services under current Indian law.
❗ The absence of legislation hampers cases ❗
With no clear legal regulations governing the crypto market in India 🇮🇳, the court was unable to proceed with the case, reflecting the legal gap faced by these digital assets 📉.
🔍 What’s next?
This decision highlights the urgent need for a clear legal and regulatory framework 📜 to protect investors and ensure transaction transparency in the growing world of cryptocurrencies 🚀.
#India #WazirX #X #NCDRC #CryptoNews
The National Consumer Disputes Redressal Commission (NCDRC) issued a ruling rejecting the lawsuit against the #WazirX platform, noting that cryptocurrencies 🪙 are not classified as goods or services under current Indian law.
❗ The absence of legislation hampers cases ❗
With no clear legal regulations governing the crypto market in India 🇮🇳, the court was unable to proceed with the case, reflecting the legal gap faced by these digital assets 📉.
🔍 What’s next?
This decision highlights the urgent need for a clear legal and regulatory framework 📜 to protect investors and ensure transaction transparency in the growing world of cryptocurrencies 🚀.
#India #WazirX #X #NCDRC #CryptoNews
Madras High Court Recognizes $XRP as Property, Blocks Redistribution in WazirX Hack Case
In a landmark decision, the Madras High Court has declared XRP and other cryptocurrencies as property under Indian law. Justice N. Anand Venkatesh emphasized that crypto assets are identifiable, movable, and controllable exclusively via private keys, classifying them as a distinct form of property.
The court also granted relief to a WazirX user affected by the 2024 hack, preventing the exchange from redistributing her XRP holdings as part of its restructuring plan. This ruling sets an important precedent for how Indian courts may handle cryptocurrency claims in the future.
#xrp #Cryptolaw #WazirX #MadrasHighCourt #cryptocurrency
In a landmark decision, the Madras High Court has declared XRP and other cryptocurrencies as property under Indian law. Justice N. Anand Venkatesh emphasized that crypto assets are identifiable, movable, and controllable exclusively via private keys, classifying them as a distinct form of property.
The court also granted relief to a WazirX user affected by the 2024 hack, preventing the exchange from redistributing her XRP holdings as part of its restructuring plan. This ruling sets an important precedent for how Indian courts may handle cryptocurrency claims in the future.
#xrp #Cryptolaw #WazirX #MadrasHighCourt #cryptocurrency
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