WazirX Secures Court Approval for $234 Million Hack Repayment Plan

Crypto exchange WazirX has received crucial approval from the Singapore High Court to finalize its restructuring plan following a significant $234 million hacking incident. This decision paves the way for users to finally receive their funds, after an extended period of delays and legal proceedings. 150,000 affected users are eagerly awaiting this moment, with WazirX’s operations now expected to resume in the coming weeks. The court’s approval unlocks a crucial next phase, allowing for token-based distributions and a gradual return of services to the platform. This milestone follows weeks after creditors backed a revised proposal and marks a significant turning point for the India-based exchange that has navigated complex legal hurdles over the past year.