WazirX

WazirX relocates to Panama after Singapore court blocks restructuring efforts

WazirX relocates to Panama after Singapore court blocks restructuring efforts

Leave a Comment / crypto, Exchanges, Featured, Hacks, India, Legal, Panama, Singapore, WazirX /

Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal to relaunch operations following a $230 million hack in July 2024. On June 4, WazirX announced that its request for court approval had been denied, saying: “The Honourable Singapore High Court issued an order declining to approve our […]

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Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama

Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama

Leave a Comment / Blockchain News, India, Singapore, WazirX /

The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year’s $234 million hack. Zettai also revealed to the court that in March it had opened a new firm in Panama and

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