The Delhi High Court has mandated cryptocurrency exchange WazirX to disclose its acquisition agreement with Binance within one week. The ruling intensifies scrutiny over the platform’s ownership transparency following a major security breach that resulted in a $235 million hack.
The order responds to demands from creditors seeking clarity on WazirX’s corporate structure after substantial user funds were compromised. This legal action underscores heightened regulatory examination of ownership frameworks within India’s crypto sector amid ongoing investigations.
Judicial authorities emphasized that the disclosure could establish critical accountability precedents for digital asset platforms. The case highlights mounting pressure for enhanced oversight mechanisms across cryptocurrency ecosystems to protect investors and reinforce operational transparency during security incidents.