Quick Breakdown Singapore High Court approves WazirX’s restructuring plan for post-hack recovery. The exchange lost $234M in July 2024 to a Lazarus-linked hack. User repayments could begin within weeks, though timelines remain uncertain. WazirX wins court approval to begin repayments Crypto exchange WazirX has received the green light from ...
WazirX, once India’s largest cryptocurrency exchange, has cleared a major hurdle in its bid to recover from last year’s $230 million hack, winning overwhelming support from creditors for a revised restructuring plan. The proposal, backed by 95.7% of creditors on August 18, is now pending approval from the Singapore High ...
Indian cryptocurrency exchange WazirX is preparing for a potential relaunch, contingent on a decision by Singapore’s High Court on May 13 regarding its restructuring and user compensation plan. Following a significant $234 million hack in July 2024, WazirX has stated that it will resume operations if the court approves its ...
In a significant step toward recovery following last year's crippling hack, over 90% of WazirX creditors have voted in favour of the exchange’s proposed restructuring plan, surpassing the statutory requirements and setting the stage for court approval in Singapore. The creditor vote, which ran from March 19 to March 28 ...
WazirX, an Indian cryptocurrency exchange, has reportedly received approval from the Singapore High Court for a restructuring plan to reimburse users who lost funds in a $230 million hack in July 2024. The court's approval, granted on January 23 under the Companies Act 1967, allows WazirX’s parent company, Zettai, to ...
Zettai Pte Ltd, the parent company of WazirX, has filed an application with the Singapore High Court seeking approval to convene a meeting with creditors to vote on a proposed Scheme of Arrangement. The move marks a significant step towards resolving the aftermath of the $230 million (INR 1,900 crore) ...
WazirX is preparing to relaunch trading on its with enhanced features, a recovery plan designed to compensate creditors and victims of its July hack. The Indian crypto exchange announced plans to restart trading by February 2025 and roll out new revenue-generating features, including crypto staking, an over-the-counter desk, and futures ...
Indian crypto exchange WazirX manages over 240,000 wallet addresses as part of its operations. This exchange disclosed this information as part of an affidavit set to be submitted to the High Court of Singapore in the ongoing debt restructuring process of its parent company, Zettai Pte Ltd. In its announcement, ...
Indian crypto exchange WazirX is working closely with government authorities, including the Financial Intelligence Unit (FIU), to address the aftermath of a July hack that led to the theft of $235 million from one of its wallets, according to a report by Moneycontrol. The exchange has provided authorities with detailed ...
The hacker responsible for the July breach of Indian cryptocurrency exchange WazirX has moved approximately $23 million in stolen assets to Tornado Cash. In an X post on Thursday, September 12, 2024, Cyvers Alerts reported that the hacker transferred 5,000 ETH (roughly $11.7 million) to a new address, with $4.7 ...
