Dishita Malvania

Been hunting crypto stories across India and the world for 3+ years. Scams, policy drama, market meltdowns — I report it raw. @CryptoTimes_io

[Dishita Malvania @DishitaInCrypto]

CRYPTO CARD WARS INTENSIFY AS BINANCE TARGETS REDOTPAY FOUNDERS

-Binance-affiliated companies have opened a major legal front against the founders of @RedotPay in Hong Kong courts. The action centers on claims that a substantial number of customers were shifted from @binance Card onto RedotPay’s competing platform through methods the plaintiffs label improper and in breach of prior agreements.

The dispute arrives at a delicate juncture for RedotPay, which had been building momentum toward a significant public listing. A parallel case is also progressing in Singapore, raising the stakes further.

-RedotPay maintains it will contest the allegations firmly and insists day-to-day operations continue without disruption. Yet the size of the claim and the public confrontation signal a decisive break from what was previously a collaborative relationship.

-The case underscores how fiercely contested the crypto payments and card market has become, with control over users and distribution channels now driving high-value conflicts.

Full details via @CryptoTimes_io: https://t.co/JwOdo3R6gn

[Binance India @BinanceForIN]

Blockchain’s transparency can be a powerful tool in the fight against financial crime.

Binance supported Gujarat CID Crime with transaction tracing and blockchain analytics in an investigation involving an alleged ₹226 crore illicit crypto network, which has led to 14 arrests so far.

Read more via @CryptoTimes_io 👇 https://t.co/pYuEamAGJQ

[Dishita Malvania @DishitaInCrypto]

@CryptoTimes_io ...move from chaos to actual markets.

[Dishita Malvania @DishitaInCrypto]

Litecoin Core 0.21.5.6 is out — and the soft fork clock is already running.

-The @litecoin update tightens MWEB transaction, block, and P2P validation. The main change is a soft-forking rule that activates at height 3,154,440. From that point, upgraded nodes will reject any MWEB block that signals a pegout while carrying an empty pegout list.

-Miners and pools that stay on older versions risk producing blocks the network will orphan once the height is reached. The release also adds limits on expensive light-client requests, stricter relay rules for oversized MWEB transactions, and better handling of malformed data.

-This continues a series of MWEB-focused patches that started earlier this year after several validation issues. Over the next week, the important numbers will be hash rate on the new client and how quickly the larger pools move.

Details here via @CryptoTimes_io:
https://t.co/6kc6laty79

[Dishita Malvania @DishitaInCrypto]

COLDCARD WAVE 4 UPDATE – REAL-TIME FORENSICS

-@glxyresearch just called a fourth organized sweep while it was still in progress. Roughly 449 BTC moved from 700+ vulnerable addresses in a tight 2.5-hour window, with more matching transactions still unconfirmed in the mempool.

What stands out:

-13.8 transfers per block vs a normal baseline of 0.3 → 45× spike
-Clean one-to-one destination mapping (no consolidation address)
-Multiple independent actors appear to be working the same weak keyspace simultaneously
-Many pending txs are RBF-enabled, creating a rare live rescue window for victims

-The underlying flaw is unchanged: a 2021 firmware commit that collapsed seed entropy. New firmware only protects newly generated seeds. Everything created on the affected versions remains permanently exposed.

-The running total across all four waves is now closing in on 1,816 BTC (~$115M). Hardware-wallet entropy failures are no longer theoretical edge cases.

-If your @COLDCARDwallet seed was generated on the vulnerable firmware range, treat it as compromised. Move to a fresh seed on a verified device. If your UTXOs are currently in the mempool under attack, RBF is the only tool left.

Full details here via @CryptoTimes_io:
https://t.co/OBTD1m3fQC

[Dishita Malvania @DishitaInCrypto]

🇮🇳INDIA’S TOP PARLIAMENTARY FINANCE PANEL JUST BROKE YEARS OF SILENCE ON CRYPTO

-In a report tabled yesterday, the Standing Committee on Finance said the country can no longer manage its massive crypto market with tax notices and anti-money laundering rules alone.

-The panel, led by BJP MP @BhartruhariM, is calling for an interim self-regulatory framework run by industry bodies but supervised by either @SEBI_India or the RBI. It wants clearer legal definitions for different types of virtual digital assets and a phased approach while full legislation is worked out.

-Why the sudden push? India has around 119 million crypto users and sees roughly $340 billion in annual transactions, almost 9% of GDP. Yet nearly 90% of trading has already moved offshore, draining tax revenue and leaving investors unprotected.

-Exchanges, the RBI, and other regulators were all consulted. The @RBI still wants to keep private crypto firmly outside the formal financial system. The committee, however, believes waiting for one perfect law is no longer realistic.

-Nothing changes immediately. The harsh 30% tax and 1% TDS stay. These are only recommendations. But for the first time, Parliament has put on record that the current grey-zone approach is failing.

Full details here via @CryptoTimes_io: https://t.co/EAG0yhduKN

[Dishita Malvania @DishitaInCrypto]

@WazirXIndia I also found a 2-year old photo. Please see if it’s related to you. @WazirXIndia @NischalShetty

[Dishita Malvania @DishitaInCrypto]

WAZIRX HACK TURNS 2: $234 MILLION STOLEN, ZERO JUSTICE, FOUNDER STILL GHOSTING USERS

-Two years after the ₹2000 crore @WazirXIndia hack, users are still largely empty-handed while the founder @NischalShetty continues to operate from afar. This is not the recovery story we were promised.

Read full report via @CryptoTimes_io:

https://t.co/Pn3hf0IpzM

-Just 1.3% (~$3 million) of stolen funds are frozen. An 85% haircut locked at hack-day prices despite the later bull run. Preventable failures, including an undetected malicious contract sitting for eight days, signers tricked by a spoofed interface, and audits that neatly exonerated their own clients.

-This is not just a hack; it is a total failure of leadership. Indians suffered huge losses while the founder stayed away in luxury and continues playing the victim card instead of holding real accountability.

Did you lose money in WazirX? Still waiting for justice?

[The Crypto Times @CryptoTimes_io]

#BIG | 2 Years Since the ₹2,000 Cr WazirX Hack

Two years ago today, India’s biggest crypto hack happened about $230 million stolen in one transaction.

The Crypto Times has been closely tracking and investigating this case from Day 1.

Here’s where things stand:

• Only $3 million (1.3%) of the stolen funds have been frozen.

• Users received 85% of their approved claims, valued at July 2024 prices.

• The remaining 15% is locked in non-tradable Recovery Tokens.

• Two full quarters later, no Recovery Token buyback announced and no public P&L released.

• Founder Nischal Shetty has not appeared in any court or investigation since the breach.

• WazirX is operational again, but many users are still waiting for full answers and the rest of their money.

Two years on, the exchange is back online.

But the missing funds and complete clarity are still not there.

We will continue to follow this story closely.

Read our full investigation on The Crypto Times.

[Dishita Malvania @DishitaInCrypto]

🚨 @zachxbt drops a nuclear take: “All hardware wallets are complete garbage and I do not advise using them for important tasks like signing transactions or storing funds.”

-He slams Ledger for constant unnecessary updates that break basic functions and increase risks. Instead, he recommends using a dedicated iPhone as your crypto wallet (leveraging Secure Enclave and strong sandboxing) — but only for technically competent users.

-This comes after multiple big incidents, including a $9.5M fake Ledger app scam and a $282M hardware wallet social engineering theft.

Full story here: https://t.co/ethAO6Zljr

Hardware wallets overrated, or is this going too far? 👀

[Dishita Malvania @DishitaInCrypto]

📰Today's Upcoming Crypto Events – July 16, 2026

-@arbitrum (ARB): ~92.6 million ARB tokens unlocking today (approximately 0.93% of the circulating supply)

-Injective Summit 2026: Major event taking place today in Washington, D.C., focused on tokenization, onchain finance, RWAs, and institutional adoption

-The summit brings together policymakers, traditional finance leaders, blockchain builders, and global institutions

These are the key confirmed events for today. No other major token unlocks or high-impact announcements are listed on leading crypto calendars as of now.

Follow @CryptoTimes_io for more such crypto updates.

[Dishita Malvania @DishitaInCrypto]

🇮🇳India’s crypto market has shifted dramatically due to tax rules.

-Futures and derivatives now account for over 80% of trading volumes on domestic exchanges, while spot trading has taken a backseat.

-According to industry reports, the 30% flat tax on virtual digital assets plus 1% TDS on spot trades has made regular buying and selling expensive. Futures contracts avoid this tax treatment, attracting most of the activity.

-Daily volumes on Indian platforms are nearing $5 billion. However, data shows 70-80% of retail traders in the futures segment are incurring losses, with high leverage and little regulation in place.

-Many participants are also moving to offshore platforms to escape the rules.

Full story here via @CryptoTimes_io: https://t.co/A10d85AMat

[The Crypto Times @CryptoTimes_io]

INDIA | A fresh ₹50 crore crypto & forex fraud has led to an FIR in Uttar Pradesh, while Himachal Pradesh's ₹1,740 crore crypto scam remains stuck in investigation years later.

https://t.co/iTjeQQkEGZ

[Dishita Malvania @DishitaInCrypto]

@SujalJethwani Happy Birthday 🥂

[Dishita Malvania @DishitaInCrypto]

Read the full story here via @CryptoTimes_io

https://t.co/C9IH46cnQn

[Dishita Malvania @DishitaInCrypto]

🇮🇳RBI PUSHES FOR OUTRIGHT BAN ON PRIVATE CRYPTO IN INDIA🚫

New documents reveal the @RBI is firmly backing prohibition. They warn that any regulation would legitimize speculative assets and put financial stability at risk.

The tax department echoes the concern, highlighting how peer-to-peer and offshore platforms enable widespread evasion.

India stands as a global crypto giant with 90-120 million users and tens of billions in trading volume. Yet heavy taxes have already pushed much of the activity abroad.

The government has not decided yet, but a major parliamentary report is due soon — potentially shaping the future for millions.

Will this push more Indians toward offshore platforms? #indiacryptoban

[Dishita Malvania @DishitaInCrypto]

BOTTOM LINE FROM THE FIRST HALF OF 2026: We saw a record 207 hacks, but total losses actually dropped to $972 MILLION (way down from $2.3 billion last year).

The real shift? Smart contract bugs aren’t the biggest danger anymore — it’s social engineering, stolen keys, and off-chain weaknesses. North Korea still dominates the headline-grabbing scores.

What’s one thing you’re doing differently to protect yourself after seeing all this?

[Dishita Malvania @DishitaInCrypto]

🚨HACKERS DRAINED $972 MILLION IN JUST SIX MONTHS OF 2026!🚨

207 crypto hacks. Record the number of attacks. North Korea-linked groups walked away with $643 MILLION (66% of everything stolen).

The TOP 10 BIGGEST HACKS of H1 2026 are here — and the stories are wild.

Full breakdown with all the details in my new article via @CryptoTimes_io 👇

https://t.co/eokLBz2qUa

[Dishita Malvania @DishitaInCrypto]

11/ JAREDFROMSUBWAY.ETH MEV BOT — ~$7.5 MILLION

Mid-June. Classic honeypot trap.

Fake token contracts + fake liquidity pools tricked the bot into giving approvals.

Assets swept. No recovery.