India’s most talked about Crypto Exchange Wazirx has been engulfed in a case related to cyber hack of ₹ 2,000 crore for the last one year. Wazirx Hack, held in July 2023, raised major questions on the country’s cyber security and the safety of Crypto investors. Now the Patiala House Court of Delhi has recommended the CBI to conduct an inquiry in view of its seriousness. The move has hoped that now this case can move in a decisive direction. In such a situation it is very important to know that CBI entry in Wazirx Hack How the attitude of the investigation related to it can change.
Why is CBI check necessary?
During the hearing on 1 May 2025, Extra Periods Pass Judgement On Sumit Das said that the investigation should be handed over to a national agency in view of the international completion of the case and the scale of fraud. After which the discussion in the market intensified whether the CBI inquiry can play an important role in this case and what will be the factors on which the CBI can investigate. In such a situation, let us know what are the expectations from CBI investigation:
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Tracking of International Links: Since stolen crypto assets have been transferred to global wallets, CBI can coordinate with international agencies.
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Identification of Cyber-Crime Network: CBI has a high capacity in digital forensic, which may identify syndicate or state-sponsored cyber groups.
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Fast and Fair Investigation: CBI can conduct rapid checks with more resources and rights than local agencies.
Accused and conspiracy, how to make a trap?
Wazirx’s multi-signature wallets were targeted during Hack, stolen a crypto worth $ 234 million.
After the name of the main accused Sauvik Mandal surfaced, it was found that his account was opened in a fake way in the name of SK Masood Alam. Alam has been in judicial custody for the last 8 months.
What will be the difference with the arrival of CBI?
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Comprehensive investigation of linked accounts of accused
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Anonymous identity and better investigation of fake documents
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Other potential culprits and network exposed
Singapore court and users’ expectations
The Singapore court heard the Wazirx’s repair plan on 13 May, but did not give any concrete decision on it. Where the moratorium has been extended to 6 June 2025, so that users will have to wait longer.
The CBI investigation is expected to make effective pressure on the court to protect the interests of Indian users and the Indian agencies will be able to present concrete arguments in the International Court.
Conclusion
Wazirx hack The case is one of the largest crypto fraud cases of India so far. The entry of a strong agency like CBI can give a new force to the investigation. This will not only identify and punish the criminals, but can also restore the trust of investors in the Crypto industry. Now it has to be seen whether the CBI will be able to resolve this high-profile case with the same seriously as expectations are being raised from him.
