The Delhi High Court has ordered Zettai Pte Ltd – the company that owns the WazirX exchange based in Singapore – to submit the agreement with Binance and related documents concerning the restructuring plan in Singapore within one week.
This move comes after a cyberattack worth 235 million USD in July 2024 and pressure from creditors demanding transparency. Binance has long denied completing the acquisition of WazirX, despite having signed an initial contract.
The court also requested the Reserve Bank of India (RBI) to participate in the next hearing on August 26, while creditors are pushing for the establishment of a Special Investigation Group to clarify the hack. WazirX just concluded a revote on the restructuring plan on August 6, after the Singapore court reversed its previous dismissal decision.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
India demands Zettai to disclose the agreement with Binance amid the WazirX lawsuit.
The Delhi High Court has ordered Zettai Pte Ltd – the company that owns the WazirX exchange based in Singapore – to submit the agreement with Binance and related documents concerning the restructuring plan in Singapore within one week.
This move comes after a cyberattack worth 235 million USD in July 2024 and pressure from creditors demanding transparency. Binance has long denied completing the acquisition of WazirX, despite having signed an initial contract.
The court also requested the Reserve Bank of India (RBI) to participate in the next hearing on August 26, while creditors are pushing for the establishment of a Special Investigation Group to clarify the hack. WazirX just concluded a revote on the restructuring plan on August 6, after the Singapore court reversed its previous dismissal decision.