The Indian Supreme Court denied a plea from 54 Wazirx hack victims 💔, who lost funds in the $234 million cyberattack. They sought urgent compensation, but the court cited the lack of crypto regulations as the reason for rejection.
The court dismissed cases against the Directorate of Exchange and Wazirx’s co-founder. Judges noted they were “not inclined to entertain” the petition 🚫, leaving investors with limited recourse.
Victims alleged negligence and insufficient security, but the court suggested approaching government bodies for compensation. Wazirx is undergoing restructuring and aims to recover funds, with investors expecting 45-50% returns💰, possibly by May.
post url: https://altcoin.observer/the-lack-of-crypto-framework-in-india-maintains-wazirx-hack-hack-victims-of-justice/
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