Tag: #WazirX
Zanmai Labs takes over WazirX after clearing a key compliance hurdle from Singapore’s Monetary Authority (MAS). The Indian company is now set to regain full control of the crypto exchange’s operations, ending a long period of operational ambiguity and tensions with Binance. The move also follows legal and regulatory milestones tied to WazirX’s post-hack recovery […]
WazirX restructuring 2025 update begins with a crucial shift – the Singapore High Court has granted WazirX additional time to push its revised plan after legal hurdles stalled the original proposal. This move gives the exchange temporary relief from creditor action and allows it to move crypto operations to a newly formed Panama-based entity. While […]
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 […]