XRP reallocation plan
An Indian judge has paused WazirX’s plan to reallocate XRP tokens associated with a hack that occurred in 2024. The decision comes amid ongoing legal scrutiny surrounding the cryptocurrency exchange. WazirX had intended to redistribute the XRP tokens as part of its recovery strategy following the cyber incident. However, the judge’s ruling has put a temporary stop to these plans, raising questions about the future of the exchange’s operations and its handling of the hack’s aftermath. The legal proceedings highlight the complexities and challenges faced by cryptocurrency platforms in managing security breaches and regulatory compliance.
