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XRP Dispute Prompts Indian Court to Order WazirX Bank Guarantee After US$235M Hack

India’s Madras High Court has directed Zanmai Labs, operator of the crypto exchange WazirX, to prov…
XRP Dispute Prompts Indian Court to Order WazirX Bank Guarantee After US$235M Hack

India’s Madras High Court has directed Zanmai Labs, operator of the crypto exchange WazirX, to provide a bank guarantee of approximately US$11,800 (AU$17,995) in a dispute involving a user’s frozen XRP tokens. The case arises from a 2024 cyberattack that saw the exchange lose an estimated US$235 million (AU$358 million) in cryptocurrency…
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