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🗞 Top #CryptoNews: Thu, Dec 19 (24H) 1️⃣ Delhi High Court orders new probe into #WazirX amid #Binance delisting 2️⃣ #Bitcoin falls to $100,000 following hawkish FOMC despite 25bp rate cut https://t.co/GJAazel4V1
🚨 JUST IN: Struggling Indian crypto exchange @WazirXIndia announces an asset rebalancing and allocation plan. The update includes details about the handling of stolen assets and strategies to stabilize operations https://t.co/VLIqxfMMOY
WazirX in the Hot Seat: Court Probe & Binance Delist WRX WazirX faces a fresh probe ordered by the Delhi High Court over a $235M hack tied to a North Korean group. On top of that, Binance will delist WRX on Dec. 25, citing compliance failures, sending WRX crashing 59%. Binance… https://t.co/KrovxiscFa
The Delhi High Court has ordered a new investigation into the Indian cryptocurrency exchange WazirX amid ongoing scrutiny related to a $235 million hack allegedly linked to a North Korean group. This development comes as Binance announced it will delist WazirX's WRX token by December 25, leading to a sharp decline in the token's value, which fell by approximately 60% in just one hour following the announcement. WazirX is also implementing an asset rebalancing and allocation plan to address the handling of stolen assets and stabilize its operations.