NCLT Petition Against WazirX on Grounds of $230 Million Crypto Theft
📉
WazirX, along with its partner firm Liminal and other parties, is facing an NCLT petition due to an alleged $230 million crypto theft. The petition, filed on 5th August in Indore, calls for an investigation based on Section 213(b) and Section 221 of the Act. The case has garnered significant attention in the crypto industry.
This legal action stems from a massive crypto heist that has raised questions about security and regulatory compliance. The investigation aims to uncover the extent of the fraud and the parties involved.
The outcome of this case could have wide-reaching implications for the cryptocurrency market, especially in terms of regulations and security measures. It also highlights the potential risks associated with digital assets.
Source: coinpedia.org ↗
