WazirX Reboot: Court Hearing Set for May 13th to Determine User Compensation

WazirX, a former leading Indian cryptocurrency exchange, is edging closer to a comeback following a major hack that resulted in the loss of $234 million in assets last year. The platform has revealed plans to restart operations and compensate affected users under a legal recovery plan. A crucial court hearing, scheduled for May 13th, will determine the fate of this plan, with potential user refunds contingent on Singaporean approval. If successful, WazirX aims to resume services within 10 business days.