Crypto News Today
The Wazirx Hack, which has witnessed the reputable North Lazarus Group for $ 235 million of encryption exchange, in particular, affected the feelings of Indian encryption investors. After hacking, users moved to more reliable platforms. In an interview published on May 5, 2025, Sumit Gobta, CEO of CoINDCX, an exchange of encryption based in India, … Read more
The Indian Supreme Court rejected a petition submitted by 54 users of Wazirx Hack 2024 on April 16, 2025. The victims, who lost their money in the Electronic match of 2000 crores (234 million dollars), were hoping for an urgent relief in this matter. However, the Apex Judicial Authority cited the absence of a clear … Read more
WazirX, an Indian cryptocurrency exchange, has received approval from a court in Singapore for its restructuring plan to compensate users affected by a $235 million cyberattack which occurred in July 2024. The cyberattack was attributed to North Korea’s Lazarus Group. Reconstruction and Recovery Plan: The approval of the Singapore High Court came on January 23, … Read more
“I hope cryptocurrencies get some mention in this Budget and some relaxation is given on taxation of cryptocurrencies,” said Sumit Gupta, CEO and co-founder of CoinDCX, one of India’s leading cryptocurrency exchanges, speaking to local media. Gupta stressed that India must not shy away from regulating cryptocurrencies, but rather take a leadership role in shaping … Read more
According to a statement by Finance Minister Pankaj Chaudhary in Parliament, Binance and WazirX have been named in India’s recent tax investigation into alleged tax evasion amounting to $97 million. The investigation arises from the Indian government’s stepped-up efforts to regulate and tax the cryptocurrency industry. In fact, India’s Directorate General of GST Intelligence (DGGI) … Read more