India's Supreme Court dismisses petition by WazirX hacker victims

Odaily Planet Daily News: The Supreme Court of India rejected the petition of 54 victims of the WazirX hacking case due to the lack of a clear regulatory framework for cryptocurrencies, saying that the court had no right to intervene in such policy matters and suggested that the victims appeal to the relevant regulatory authorities. The case involved user funds worth about US$235 million. WazirX is currently undergoing court-supervised restructuring in Singapore, and users are expected to recover only 45%-50% of their losses at most. (CCN)