WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6

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WazirX’s customer-approved restructuring plan, intended to compensate users impacted by a previous hack, has hit a snag. The exchange sought final approval from the Singapore High Court to begin reimbursements. However, the court postponed the decision, requesting further documentation from WazirX and its parent company, Zettai. The court’s decision to defer the case delays the compensation process for affected users. WazirX has communicated this update through its X (formerly Twitter) account, assuring users that they are working to address the court’s requirements and expedite the reimbursement process.

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