Krutika Adani
WazirX has transferred $75 million in crypto to international exchanges, moving beyond the jurisdiction of Singapore and Indian authorities.
This transfer was conducted without any formal notice to its customers, raising concerns over transparency.
The Singapore High Court has granted WazirX a four-month moratorium to help recover funds lost in a hack.
Despite efforts, no hackers have been identified concerning the security breach.
Indian courts have issued notice to WazirX, given that 94% of its customer base resides in India, intensifying the exchange's legal scrutiny.