WazirX Hack Drama: Supreme Court Steps In, Popcorn Ready 🍿

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So, the Supreme Court of India has decided to dive into the WazirX cryptocurrency mess, because apparently, nothing says “justice” like a Rs 2000 crore cyber hack. Over 50 victims, who probably thought their crypto was safer than a locked treasure chest, are now demanding a criminal probe against WazirX and its co-founder Nischal Shetty. Because, you know, losing money to hackers is one thing, but losing it to alleged mismanagement? That’s just adding insult to injury. 💸

The case has been assigned to the bench of Justice BR Gavai and Justice Augustine Masih, because nothing says “serious business” like a rooster system assigning cases. The petitioners, all victims of the WazirX hack, had previously tried their luck with the Delhi High Court, but hey, when life gives you lemons, you take it to the Supreme Court. 🍋

On the other side of the courtroom, we’ve got a star-studded lineup of respondents: the Union of India, Reserve Bank of India, SEBI, FIU-India, NIA, CBI, Serious Fraud Investigation Office, Zanmai Labs/WazirX, Nischal Shetty, Binance Holdings, and Liminal Custody. It’s like the Avengers, but instead of saving the world, they’re trying to figure out where all the crypto went. 🦸‍♂️🦸‍♀️

Leading the charge for the petitioners is Advocate Maitreyi S. Hegde, with support from Adv Anjali Anil and Adv Radhika Prasad. Meanwhile, WazirX consumers are being represented by AOR Priyanka Prakash. It’s like a legal drama, but with more zeros and fewer commercial breaks. 🎭

The petitioners are accusing WazirX, Binance, and Liminal Custody of gross negligence and mismanagement of public funds totaling Rs 4500 crore in cryptocurrencies. Because, apparently, when you’re dealing with digital money, the phrase “handle with care” doesn’t apply. 🤷‍♀️

Stay tuned for more updates, because this story is developing faster than a Bitcoin transaction. Follow The Crypto Times for all the juicy details. 🕵️‍♀️

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2025-04-15 21:10