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The HC upheld the arbitration tribunal’s order, which also directed Zanmai Labs to provide bank guarantees to the tune of INR 45.38 Cr to CoinSwitch
Bitcipher had challenged Zanmai’s move to freeze its assets, arguing that their agreements did not authorise WazirX to undertake a “socialise” losses across all users
At the time of restrictions, CoinSwitch’s parent entity Bitcipher had crypto assets worth INR 59.34 Cr (as per value on August 27, 2024) on WazirX
The…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The HC upheld the arbitration tribunal’s order, which also directed Zanmai Labs to provide bank guarantees to the tune of INR 45.38 Cr to CoinSwitch
Bitcipher had challenged Zanmai’s move to freeze its assets, arguing that their agreements did not authorise WazirX to undertake a “socialise” losses across all users
At the time of restrictions, CoinSwitch’s parent entity Bitcipher had crypto assets worth INR 59.34 Cr (as per value on August 27, 2024) on WazirX
The…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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