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Singapore court declines WazirX’s restructuring plan following $230-million hack
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Crypto exchange WazirX’s restructuring plan to return funds of users following its $230-million hack is now in a limbo as Singapore High Court declined the plan on June 4, the exchange shared on X.
This comes a month after the exchange’s moratorium period under the Singapore court ended. Prior to the cyberattack on one of multisig wallets in July 2024, WazirX was India’s largest crypto exchange with at least 33% of Indian crypto users either holding balances or accounts with the exchange.
WazirX lost nearly 45% of its crypto holdings in this…
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