WazirX implements Singapore-backed restructuring plan, its current assets exceed total user claims in July
2025-01-10 08:46:50
Indian cryptocurrency exchange WazirX, which suffered a $235 million cyberattack in July 2024, has announced a restructuring plan aimed at compensating affected users. WazirX's parent company, Zettai, filed an application to the Singapore High Court in August 2024 for a debt standstill and offered to restructure under the Singapore Arrangement Scheme.
As of December 2024, WazirX reported a current asset of $566.38 million, exceeding the total claim amount of $546.47 million USDT submitted by users in July 2024.
As of December 2024, WazirX reported a current asset of $566.38 million, exceeding the total claim amount of $546.47 million USDT submitted by users in July 2024.
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