WazirX announces the implementation of a restructuring plan supported by Singapore, with its liquid assets exceeding the total user claims from July

Jan 10, 2025 16:42:50

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ChainCatcher news, Indian cryptocurrency exchange WazirX suffered a $235 million cyber attack in July 2024, and the company announced a restructuring plan aimed at compensating affected users. WazirX's parent company Zettai applied to the Singapore High Court in August 2024 for a debt moratorium and proposed a restructuring plan under Singapore's scheme.

As of December 2024, WazirX reported liquid assets of $566.38 million, exceeding the total claims of $546.47 million USDT submitted by users in July 2024.

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