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WazirX could restart operations next month, as the hacked trading platform awaits a crucial court decision in Singapore that could clear the way for its post-hack recovery plan and user compensation scheme. After nearly nine months of inactivity, WazirX could finally resume services if Singapore’s High Court approves its restructuring plan, the company said in … Read more
The Indian Supreme Court dismissed a petition filed by 54 affected users of the 2024 WazirX hack on 16 April 2025. The victims, who lost their funds in the major ₹2,000 crore ($234 million) cyberattack, were hoping for urgent relief in the matter. However, the apex judicial body cited the absence of a clear regulatory … Read more
Over 90% of WazirX creditors have voted in favor of proposed restructuring plan, clearing a key hurdle ahead of court review in Singapore. Creditors had nearly 10 days to cast their votes on Zettai’s restructuring plan — and by the end of it, overwhelming support poured in from WazirX users holding close to $196 million … Read more
Singapore High Court has accepted WazirX’s reorganization plan, which will allow the exchang to repay 75% to 80% of the stolen customer monies. Despite the court’s decision, many victims remain suspicious! A Singapore High Court has approved a payment restructuring plan for the victims affected by the WazirX crypto scam. The restructuring plan was approved on Jan. 23, 2025, under the Company’s Act. 1967, which regulates and sets guidelines on the operation of companies in India. The Singapore High Court also ruled that … Read more
“I hope crypto finds some mention in this Budget, and some relaxation is granted on crypto taxation,” said Sumit Gupta, CEO and co-founder of CoinDCX, one of India’s leading cryptocurrency exchanges, while talking to local media. Gupta highlighted that India must not shy away from regulating cryptocurrencies but instead take a leadership role in shaping … Read more
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