WazirX Restructuring Blocked by Singapore Court Amid Post-Hack Recovery

WazirX’s restructuring plan was rejected by Singapore’s High Court following its $234.9M crypto heist. The firm intends to relocate its cryptocurrency operations to Zensui Corporation, based in Panama. Despite not registering Zettai with India’s FIU, its subsidiary Zanmai is compliant. WazirX will appeal the court’s decision while assuring users that NLPA assets remain secure.

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