Supreme Court Rejects WazirX Hack Case: Investors Left High & Dry

In a major setback for Indian crypto investors, the Supreme Court has dismissed a petition filed by 54 WazirX users who lost ₹2,000 crore to a massive cyberattack. The court ruled that it lacks jurisdiction to handle cryptocurrency-related issues and advised the affected individuals to seek redress from the Union Government and financial regulatory bodies like RBI, SEBI, and the CBI. This decision leaves investors with a uncertain future as their funds remain lost.