Crypto exchange WazirX has submitted additional legal documents to the Singapore High Court, responding to the court’s request for further information during a hearing on May 13. The company is seeking court approval for its restructuring plan aimed at addressing the ₹2,000 crore hack that affected users in July 2024. This plan proposes repaying users based on their pre-hack balances. While WazirX claims 93.4% of users support this proposal, the court has not yet granted approval. 📢 The hearing was crucial for WazirX’s efforts to restart its platform and begin user compensation. The extended moratorium on legal actions against the company will now last until June 6th. WazirX is actively working through the legal process with the support of community members. Users have been eagerly awaiting updates on this progress, as delays in court approval threaten to further delay repayment. Despite the legal hold-up, WazirX’s native token WRX has experienced a notable price surge in recent days. The token jumped 11.46% in the last 24 hours and is now trading at $0.03152. This reflects a corresponding increase in trading activity as daily volume surged by 59.21%, reaching around $124,000. The market value of WRX is currently $12.03 million, potentially valued at $31.5 million if all tokens were unlocked.