New Delhi, Oct 10 (PTI) A Delhi court has dismissed the bail plea of a man accused in a Rs 2,000 crore cyber fraud case.

Additional Sessions Judge Saurabh Partap Singh Laler was hearing the seventh bail plea of the accused, S K Masud Alam, against whom an FIR was registered by the Delhi Police Special Cell.

The case was lodged in August 2024 based on a compliant by the operator and license holder of the crypto platform WazirX that their Multi-Signature wallets were hacked by unknown cyber criminals, and around USD 234 million (around Rs 2,000 crore) worth of crypto tokens were fraudulently siphoned off.

In an order dated October 8, the court said that the cyber fraud involved an "unprecedented huge amount" causing massive financial loss to the complainant company and lakhs of investors,

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