Singapore Court Approves WazirX Restructuring Plan: Exchange to Re-Launch Soon

WazirX, the Indian cryptocurrency exchange, has secured approval from Singapore’s High Court for its debt restructuring plan following a major hack in July 2024. The hacking was attributed to North Korea’s Lazarus Group and resulted in losses of $234.9 million. This significant step allows WazirX to recover assets and resume operations under the supervision of its parent company, Zettai Pte Ltd., within ten business days.