Singapore court approves WazirX recovery plan, enabling token-based compensation for users affected by the $235M hack.
WazirX collaborates internationally to recover stolen assets and initiates a token buyback for user compensation.
In January 2025, the Singapore court has approved WazirX’s plan to repay users harmed by the $235 million hack. Of course, this approval represents a new route for the exchange in its attempts to rebuild public confidence and reduce the influence of the unwelcome event.
Court Approval for Scheme Meeting Granted
We’re pleased to announce that the Singapore High Court has granted us leave to convene a Scheme Meeting. This marks another significant milestone in the restructuring process as we move closer to the distribution of Net Liquid… pic.twitter.com/tHGwKD0bGo
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) January 23, 2025
Important Steps Made by WazirX in Repaying Users
Previously, the court had approved WazirX a four-month moratorium in Sept
