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The Daily High Court has ordered the company Zettai PTE Limited behind the Crypto Exchange Wazirx to hand over the documents to give details of its agreement with the bank, as well as its ongoing restraint plan.
The court gave a week limit of one week. It comes after months of decline from $ 235 million hack and increases the number of cases from creditors trying to recover after lost money.
Loachers demand an answer after major violations
Press is recruiting the security violation of 2024 to come clear, which leaves users again. The creditors have argued that without clear information about how and how the company is planning to move forward, there is no way. Exactly to assess how users can get their money backThe court of ruling indicates a twist point, forcing the company to show its hand.
Delhi High Court ordered Wazirux to release the Binens Agreement, Reorganization Plan pic.twitter.com/6gnbrtcmv0
– Bitcoin Expert India (@btcexpertindia) August 6, 2025
Re -recovering on Singapore Greenlights Recovery Scheme
The court order follows a separate decision in Singapore, where the High Court has approved a review on the proposed reorganization plan of Wazirx. The original plan was rejected, but after re -looking at the creditor’s concerns, a revised version was placed for another vote. Rain process from 30 July to 6 August with the participation of extended creditors.
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Call for deep investigation in hack
Some creditors are just asking for more than disclosure. They want an independent investigation led by financial and cyber crime experts, to see how hacked and wherever internal failures have played a role. There is also a push for international regulators to find out the speed of stolen property and to make relevant parties accountable.
The court did not stay in Zettai. It also directed Indian regulators, including India’s reserved sanctions and India’s security and Executive Board, to clarify that they do not take any action against Wazirx. This step highlights the lack of regulator clarity that continues to plague the crypto space, when large amounts and border cross relations are invited.
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Binen connection still cloudy
The room has an elephant connance. Despite being closely associated with global exchange over the Wazirx years, Binance has publicly refused to operate or control it. Now, the court asked for the real terms of its agreement, which relationship we can finally get a clerical picture of the relationship. In fact Looks like
User advocates welcomed the ruling courtyard, saying that someone demanded transparency. When millions of people disappear and no one takes responsibility, public trust disappears rapidly. The case is closely viewed by legal experts and regulators, which see it as part of a large pattern of keeping the crypto platforms accountable.
The court will again get again to review the progress. Till then, regulators are expected to submit their reactions, and the reorganization should result in results. Everyone’s eyes will be on how Wazirux has planned to solve its obligations and rebuild the trust after high-profile collapse.
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key takeaways
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The Delhi High Court ordered Wazirux to submit the Binens Deal Documents with a week, increasing the legal pressure on the exchange.
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The ruling creditor follows frustration
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The High Court of Singapore approved a reconsideration on the reorganization plan of Wazirux following credits of the original proposal.
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The creditors are calling for an independent investigation in hack, including potential international failures and global asset tracing.
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India’s regulators have been asked to report against their action, as the court pushes for accountability and transparency.
The post -Delhi High Court told Wazirx that the binance was first introduced on 99bitCoins to hand over the deal.
