News

WazirX (WRX) Crashes 50% On Binance Delisting And Fresh Probe

WazirX (WRX) price slipped more than 50% today after Binance announced the delisting of the token and the Delhi High Court ordered a fresh probe on the hack case.
Published by
WazirX (WRX) Crashes 50% On Binance Delisting And Fresh Probe

Highlights

  • WazirX (WRX) price has witnessed a dip of over 50% today, sparking market discussions.
  • Binance has recently announced the delisting of WRX token alongside two other crypto.
  • Delhi High Court has ordered a fresh probe on the WazirX hack case, fueling market speculations.

WazirX (WRX) price has recorded a crash of over 50% today after the leading crypto exchange, Binance, revealed its delisting plans for the token. Besides, the Indian crypto exchange has also faced another major setback today, as the Delhi High Court has reportedly ordered a fresh probe of the exchange. According to recent reports, the HC Justice has rejected Delhi Police’s report following a previous order that called for a criminal investigation into the exchange’s hack.

Advertisement

WazirX Faces Major Setback Amid Fresh Probe

According to recent developments, the Indian crypto exchange, WazirX, has faced a major setback as the Delhi High Court ordered a fresh probe today. The High Court has rejected the Delhi police’s status report on the WazirX hack case, ordering a fresh investigation. The court’s decision comes after Advocate Jaivir Bains filed a petition demanding a criminal investigation into the hack.

Notably, the Delhi police had initially stated that no case could be made, but Justice Sanjeev Narula has asked for a new status report by February 13, 2025. The court’s move indicates that the Indian exchange has not been given a clean chit, and the exchange’s management may face further scrutiny. This development has sparked discussions in the market.

Meanwhile, the security breach on the exchange was one of the biggest crypto scams this year. The hackers have drained around $230 million funds from the exchange, which has sparked widespread discussions in the broader crypto market.

However, the recent developments signal that the exchange may continue to face hurdles in the coming days. Besides, the latest probe order was lauded by many in the crypto community, while others seeking further clarity on the case.

Advertisement

WRX Crashes 50% After Binance Delisting News

WazirX has faced another major setback, as the leading crypto exchange Binance has announced the delisting of WRX tokens along with two other crypto. Notably, WRX price today crashed 52.65% to $0.1132 following the delisting news and after it touched a 24-hour high of $0.2494. Its one-day trading volume plunged about 19% to $21.87 million.

WazirX (WRX) Price

In the latest Binance announcement, the exchange has revealed its plan to delist the WRX token alongside AKRO and BLZ. The delisting is part of Binance’s thorough review of the assets to continue meeting the “high level of standard and industry requirements”, the exchange added.

So, based on its recent review, the crypto exchange decided to delist Kaon (AKRO), Bluzelle (BLZ), and WRX tokens from its platform. Precisely, the trading of the AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT pairs will cease from December 25.

Advertisement
Share
Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Breaking: Coinbase Nears $2B Deal to Buy Stablecoin Platform BVNK

Coinbase is reportedly closing in on a $2 billion acquisition of stablecoin infrastructure startup BVNK.…

November 1, 2025
  • News

Coinbase CLO Fires Back at Senator Murphy Over ‘Corruption Factory’ Claim

Coinbase’s Chief Legal Officer, Paul Grewal, has publicly criticized U.S. Senator Chris Murphy. The lawmaker…

November 1, 2025
  • News

Crypto Prices Rise: Why Are BTC, ETH, LTC, XRP, SHIB, and ADA Up Today?

Major crypto prices saw solid gains after a week of downturns. Bitcoin, Ethereum, Litecoin, XRP,…

November 1, 2025
  • News

Michael Saylor’s Strategy Eyes S&P 500 Spot Amid Bitcoin-Backed Credit Products Launch

Michael Saylor’s Strategy is setting its sights on the S&P 500 as it pushes forward…

October 31, 2025
  • News

Bitcoin White Paper Turns 17 Today as Satoshi’s $120B Fortune Climbs $2.8 Billion

Seventeen years ago today, Satoshi Nakamoto emailed a nine-page document that changed the world. It…

October 31, 2025
  • News

Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?

Bitcoin, Ethereum, XRP, and other altcoins tumbled amid the latest crypto market crash. Over $1.2…

October 31, 2025