Crypto Chaos: WazirX Hack Meets Putin's Regulation Warning
The crypto world is no stranger to drama, but the recent confluence of events truly feels like a double blow. Two major stories are dominating headlines: the fallout from the WazirX hack and Vladimir Putin's renewed warnings about crypto regulation.
WazirX Hack: A Setback for Victims
The controversial WazirX hack that resulted in the theft of $235 million in crypto sparked discussion about security in the industry. Affected users are demanding robust solutions and accountability. In a major setback for victims of the July 2025 WazirX cryptocurrency hack, the Supreme Court of India today dismissed a criminal petition filed by over 50 users seeking recourse. India’s Supreme Court has dismissed a petition filed by victims of the $235 million WazirX hack, saying it could not intervene because the country lacks clear crypto regulations.
Hace 3 días WazirX, one of India's leading cryptocurrency exchanges, suffered a cyberattack in July 2025 by the North Korean hacker group Lazarus. This has been confirmed by a joint investigation. A Delhi court urges CBI to investigate WazirX’s $235M crypto heist, citing possible international links and advanced hacking methods. Key suspect SK Masud Alam is under scrutiny. Despite the challenges, India’s leading crypto exchange, WazirX, has achieved a significant milestone by freezing $3 million in USDT linked to the massive $230 million hack that rocked the platform, demonstrating some progress in asset recovery.
Putin's Warning: Crypto Mining Under Scrutiny
The $230 million hack of Indian crypto exchange WazirX and Russian President Vladimir Putin’s warning about crypto mining’s energy consumption have highlighted the vulnerabilities and regulatory concerns surrounding the crypto space. Putin’s renewed focus on the energy consumption of crypto mining operations adds another layer of complexity to the global crypto landscape, potentially leading to stricter regulations in Russia and beyond.
Both the WazirX hack and Putin's regulatory concerns serve as reminders of the risks and challenges inherent in the cryptocurrency world. Security measures need constant improvement, and global regulatory frameworks must evolve to protect users and ensure stability within the market.