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Singapore High Court Approves Restructuring Plan for Cryptocurrency Exchange Platform WazirX

Summary: According to reports, the Singapore High Court has approved the restructuring plan for the Indian cryptocurrency exchange platform WazirX. WazirX had submitted a legal opinion to the Singapore court on September 26, seeking to advance the restructuring plan and is now awaiting further instructions. On July 18, 2024, WazirX, an Indian cryptocurrency exchange platform, was ...

According to reports, the Singapore High Court has approved the restructuring plan for the Indian cryptocurrency exchange platform WazirX. WazirX had submitted a legal opinion to the Singapore court on September 26, seeking to advance the restructuring plan and is now awaiting further instructions. On July 18, 2024, WazirX, an Indian cryptocurrency exchange platform, was hacked, with its multi-signature wallets on the Ethereum network being compromised. A total of $2.349 billion has been transferred to new addresses, with the fund provider for each transaction being Tornado Cash.

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Link: Singapore High Court Approves Restructuring Plan for Cryptocurrency Exchange Platform WazirX [Copy]

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