The Bombay High Court ruled in favor of CoinSwitch, allowing it to secure stolen crypto assets held on the WazirX platform after a $234 million hack in July 2024. The court dismissed WazirX operator Zanmai Labs’ challenge to an arbitration order requiring them to provide bank guarantees to protect investors’ claims. This decision supports CoinSwitch’s ownership of its assets stored on WazirX and enforces protections for users affected by the cyberattack.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The XRP price has continued to trade in a narrowing price action that’s getting tighter,…
Morgan Stanley, managing $1.3 trillion in assets, has lifted restrictions on Bitcoin and crypto investments…
Story Highlights The Ethereum price today is . ETH price with a potential surge could…
The Bitcoin price has shown remarkable strength at the start of Q4, trading around $121,302…
Kalshi, an online prediction market platform, has raised over $300 million in a funding round,…
Retail investors are returning to the market. After months of cautious accumulation, small investors are…
