An Indian consumer court has dismissed a claim filed by a group of fourty individuals affected by domestic crypto exchange WazirX losing $233 million in an alleged hack in July 2024.
The National Consumer Disputes Redressal Commission (NCDRC) of India on 27 March 2025 noted that cryptocurrencies are neither legal tender nor permitted as an investment asset in India. Hence, the lawsuit’s primary complaint of ‘financial fraud’ alleged against WazirX does not find legal ground in the country, it said