Judge Blocks Crypto Exchange WazirX From Using Customer’s XRP Assets to Minimize Impact of $230 Million Hack

Unsurprisingly, an Indian court recently ruled in favor of an XRP investor against the crypto exchange. WazirX and provide the merchant with interim protection by preventing the digital asset platform from reallocating the customer’s XRP holdings. In an order issued last Saturday (October 25, 2025) by the Madras High Court, Justice N. Anand Venkatesh ruled…

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Custody of cryptocurrencies becomes a land grab for FinTech and non-banks

In traditional finance, custody is almost invisible. A custodian bank can hold trillions of dollars in securities, ensuring that ownership records are accurate and assets cannot be misappropriated. These institutions are regulated, insured and audited. The custody of cryptocurrencies traditionally takes place in a different universe. In blockchain, owning digital assets means controlling a private…

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