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Tag: #WazirXScheme
WazirX Restructuring 2025 Update: Extended Court Relief, Panama Move, and Token-Based Recovery Plan
June 25, 2025
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 […]
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WazirX’s Path to Recovery: Addressing the Aftermath of the $234 Million Cyberattack
March 10, 2025
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 […]
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