The Delhi High Court of India has ordered a new investigation into the cryptocurrency exchange WazirX

ChainCatcher news, the Delhi High Court ordered a new investigation into the platform on December 18, the same day Binance announced it would delist the exchange's native token WRX. This investigation was triggered by allegations of a previous hacking incident and concerns over financial misconduct.

Earlier, lawyer Jaivir Bains submitted a petition calling for criminal charges against WazirX, accusing it of misconduct that occurred in July 2024, resulting in a loss of $235 million in cryptocurrency. The court subsequently issued the above directive. The initial report from the Delhi police deemed the case unviable, but Judge Sanjeev Narula rejected this investigation result and requested an updated status report by February 2025.

This investigation highlights the ongoing skepticism regarding the operational integrity of WazirX. Cybersecurity firm Cyfirma led part of the recovery efforts, but the exchange admitted that 43% of customer funds remain unrecoverable.