India's largest cryptocurrency exchange founder Nischal Shetty has recently made new developments—his long-standing ownership dispute with a major exchange has officially entered the litigation stage. This controversy actually dates back to 2019. The acquisition deal at that time seemed to be finalized, but since then, both sides have been at odds over control and operational rights, repeatedly clashing in public.

Shetty's stance is very clear: it's now a matter of each side saying their piece, and the truth will be revealed in court.

Not only that, but he also has to deal with a dispute with the custody provider Liminal. Last year, the exchange experienced a hacking attack resulting in losses of over $230 million. WazirX at the time blamed part of the responsibility on Liminal's multi-signature custody infrastructure, but Liminal immediately countered, presenting data to challenge that claim. Now, the three parties each hold their own version of the story, and the matter continues to unfold.