WazirX Re-Launch Plan Under Scrutiny as Hacker’s Tactics Raise Concerns

Following a devastating hack that saw $230 million stolen last year, WazirX is poised to restart operations. The exchange’s comeback hinges on a May 13 ruling from the Singapore High Court regarding its restructuring plan and user compensation proposals. If approved, WazirX could reopen within ten business days. However, the path forward faces challenges, particularly in light of Lazarus Group’s alleged involvement in the breach and potential for further laundering.