Restructuring Plan

Highlights: WazirX has won the Singapore court nod to restart repayments to affected creditors. The revised debt restructuring plan received support from the majority of the creditors. The exchange is planning to return assets in phases as it seeks to […]

Highlights: 95.7% of creditors approved the WazirX restructuring plan. Operations could resume within 10 working days of court approval. $230 million was lost in the July 2024 WazirX cyberattack. WazirX, the once-largest crypto exchange in India, has made an important […]

Highlights: Singapore has rejected a plan by WazirX meant to restructure after the hack. WazirX has shifted its base to Panama before the June deadline while keeping services active for Indian users. WazirX token crashes after court ruling as users […]

Highlights: WazirX has frozen $3 million in USDT from the $230 million hack. The Singapore High Court granted a four-month moratorium to restructure liabilities related to the breach. A recent joint statement attributes the hack to the Lazarus Group, which […]