WazirX, the Singapore-based cryptocurrency exchange, faces significant restructuring with a hearing scheduled for May. This crucial process could potentially stabilize operations and influence broader market trends, but its outcome remains uncertain. The potential impact on regional crypto market stability is of keen interest to investors and regulators alike. 500 million US dollars in assets are at stake as WazirX seeks court approval for its restructuring plan. A pivotal hearing will take place in May with key stakeholders involved, including WazirX executives. The restructuring aims to revive financial processes within the company. The outcome of this process could significantly impact investor sentiment and market confidence across the broader crypto space.