WazirX news: Indian court freezes XRP redistribution after $230 million hack

Crypto NewsMonday, October 27, 2025 at 1:31:59 PM
WazirX news: Indian court freezes XRP redistribution after $230 million hack
The Madras High Court's recent ruling against WazirX's plan to redistribute XRP holdings after a significant hack is a critical development in the cryptocurrency landscape. By classifying cryptocurrencies as property under Indian law, the court has set a precedent that could impact how digital assets are treated in the future. This decision not only affects WazirX and its users but also raises questions about the security and regulatory frameworks surrounding cryptocurrencies in India.
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