WazirX Hack: Restructuring Hearing Postpones Decision on Compensation

Despite a hearing in Singapore’s High Court on May 13, 2025, regarding WazirX’s restructuring plan to compensate victims of the $230 million crypto hack last year, no final decisions were made. The court extended the deadline for claims until June 6 and requested further information from WazirX by May 23. While there is cautious optimism, the uncertainty continues as the proposed plan, which aims to distribute up to 85% of lost funds to users, awaits approval. The restructuring process represents a significant step towards addressing the fallout of the July 2024 attack on the platform.