XRP Is Property: India's Landmark Crypto Court Ruling Explained

For years, Indian crypto holders have lived with an uncomfortable contradiction.

How a Frozen Wallet Became a Landmark Case

The dispute traces back to the catastrophic WazirX breach of July 2024, when the exchange lost roughly $230 million in one of the largest crypto thefts in Indian history.

That socialised-loss approach is exactly what the petitioner objected to.

The heart of the ruling is a careful piece of legal classification.