2025-12-27 03:21:20

The founder of a leading Indian exchange recently confirmed that the ownership dispute with a global exchange has entered into legal proceedings. The controversy began with the acquisition announcement in 2019, after which both parties have clashed multiple times in public regarding control rights and platform operations. The founder admitted that "each has their own version," and the final court ruling will be crucial. Notably, the conflict also extended to the custody partner. The exchange previously attributed part of the responsibility for the 2024 hacking incident that caused $230 million in losses to the multi-signature infrastructure of the custody service provider, but the latter responded publicly and presented data to refute this accusation. This dispute involves multiple dimensions including exchange security, legal issues, and business interests.

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DYORMaster

· 12-27 03:50

Ha, now everything is in court with everyone saying their own thing. I’m familiar with this routine. --- The $230 million black hole hasn't been resolved yet, and now they’re starting to shift blame. The crypto world’s drama never gets old. --- It’s been five years since the acquisition announcement and the lawsuit. Who knows how many users have been exploited during this period before the verdict is reached. --- The custodians also got caught in the crossfire. Having multiple signatories on infrastructure isn’t an issue, but then data gets thrown in your face—that’s awkward. --- Honestly, legal battles are bound to be lengthy. The ones hurt the most are the platform users’ trust. --- Everyone wants to control the equity, hackers are laughing all the way, it’s truly speechless. --- Everyone has their own story, but no one is telling the truth.

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LiquidatedAgain

· 12-27 03:49

Another mess from a major exchange. Now I have to watch courtroom dramas while settling my account... $230 million stolen, and they immediately blame the custodial party, a classic case of "I got liquidated but it's not my fault." These days even exchanges have learned to pass the buck. I wonder what my small loss is worth.

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ForkTrooper