Indian Court Rules XRP as Property, Blocking WazirX Dilution After Hack
The post Indian Court Rules XRP as Property, Blocking WazirX Dilution After Hack appeared on BitcoinEthereumNews.com.
COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → The Madras High Court has ruled that cryptocurrencies like XRP qualify as property under Indian law, providing fiduciary protections for users. This decision prevents WazirX from diluting a customer’s 3,532 XRP holdings to cover losses from a $234 million hack, affirming digital assets’ ownership rights and custody responsibilities for exchanges. Crypto assets are now legally recognized as property in India, capable of beneficial ownership and protection. The ruling blocks WazirX’s plan to socialize losses across users, treating held assets as client property in trust. Over 3,500 XRP tokens remain intact for the affected user, with the hack impacting $234 million in platform funds since July 2024. India’s Madras High Court declares crypto as property, shielding XRP holders from WazirX hack losses. Discover how this ruling boosts user protections and shapes crypto regulations—stay informed on digital asset rights today. What Does the Madras High Court Ruling Mean for Crypto as Property in India? Crypto as property in India has gained a significant legal foothold following the Madras High Court’s decision, which classifies digital assets like XRP as ownable property entitled…
Filed under: News - @ October 27, 2025 6:28 am