History suggests that similar incidents in the crypto sector have led to widespread overhauls. This restructuring plan aims to address vulnerabilities more comprehensively, as Jason Kardachi, stated, “Efforts […]
WazirX Creditors Approve Post-Hack Restructuring Plan
Over 90% of WazirX creditors have voted in favor of the platform’s post-hack restructuring plan, signaling a significant step towards recovery following a $235 million theft. The plan […]
WazirX Creditors Rally Behind Post-Hack Restructuring Plan
Over 90% of WazirX creditors have voted in favor of the platform’s post-hack restructuring plan, demonstrating strong community support for its recovery. This comes after a significant security […]
WazirX Announces Debt Restructuring Plan to Rebuild User Trust Following Cyberattack
Following a cybersecurity attack last year, Indian cryptocurrency exchange WazirX has embarked on a significant debt restructuring process. This plan, submitted to the Singapore High Court for approval, […]
WazirX Restructuring Plan Approved by High Court: Vote Scheduled for March 2025
WazirX has received a crucial approval, with the Singapore High Court confirming their debt restructuring plan for creditors. This decision is vital as it safeguards against substantial liquidation […]
WazirX Receives Strong Support for Restructuring Plan, Claims Over $195 Million Approved
Overwhelming support from WazirX users has been received regarding the exchange’s restructuring plan following a major cybersecurity incident that resulted in a loss of ₹2,000 crore in crypto […]
Sumit Gupta Criticizes WazirX, Phemex Over Security Breaches, Advocates Transparency
CoinDCX CEO Sumit Gupta has sharply criticized both WazirX and Phemex for their lack of transparency regarding recent security breaches. He argues that if these exchanges had disclosed […]