WazirX Gets Court Approval to Resume Operations after $240 Million Hack

After facing a significant cyberattack that led to a $240 million theft in July 2024, the Indian cryptocurrency exchange WazirX has gained court approval for its restructuring plan. This plan will allow the exchange to restart operations within the next 10 business days and offer users access to their frozen funds. The restructuring was approved by Singapore’s Accounting and Corporate Regulatory Authority (ACRA) after gaining support from over 95% of creditors involved in the process.