Tag: #CryptoRecovery
WazirX revote approved. The Singapore High Court has cleared the stalled debt-resolution plan, giving the crypto exchange another shot at recovery. A new vote is coming. If creditors back the revised proposal, users may finally regain access to their funds. Operations could resume within weeks, led by India-based Zanmai Labs, now tasked with managing payouts. […]
WazirX debt resolution 2025 marks a pivotal moment in the exchange’s recovery journey, securing over 93% creditor approval following its $230 million cyberattack. In an official blog post dated April 7, the exchange announced that its proposed credit restructuring scheme secured 93.1% approval from voting creditors—well above the minimum statutory requirements under Singapore law. This […]
WazirX unveils a Scheme of Arrangement to recover from the $234 million cyberattack, ensuring fair asset distribution and future stability. In July 2024, WazirX, one of India’s largest cryptocurrency exchanges, faced a security breach that led to the loss of millions in digital assets. The attack, attributed to North Korean hackers, significantly impacted user funds […]