Indian cryptocurrency exchange WazirX is set to resume operations within 10 business days after receiving approval for its restructuring plan from a Singapore court. The exchange, which was hit by a $240 million hack in July 2024, has submitted its plan to Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Over 95% of creditors have voted in favor of the plan.
WazirX users will soon regain access to their funds through a combination of cryptocurrency, cash, and recovery tokens. This development marks a significant step in the exchange's recovery process following the substantial security breach last year.
WazirX to Restart Operations After Singapore Court Approves Restructuring
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