Singapore HC Greenlights WazirX’s Restructuring Plans

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SUMMARY

Singapore High Court has permitted WazirX’s parent Zettai to convene a scheme meeting with the users of the cryptocurrency exchange

The decision paves the way for the exchange, which lost crypto assets worth about $235 Mn last year due to a security breach

As part of the proposed scheme, WazirX will release liquid assets worth $284 Mn and issue recovery tokens to all its users

Singapore High Court has permitted WazirX’s parent Zettai to convene a scheme meeting with the users of the cryptocurrency exchange. 

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Singapore HC Greenlights WazirX’s Restructuring Plans


SUMMARY

Singapore High Court has permitted WazirX’s parent Zettai to convene a scheme meeting with the users of the cryptocurrency exchange

The decision paves the way for the exchange, which lost crypto assets worth about $235 Mn last year due to a security breach

As part of the proposed scheme, WazirX will release liquid assets worth $284 Mn and issue recovery tokens to all its users

Singapore High Court has permitted WazirX’s parent Zettai to convene a scheme meeting with the users of the cryptocurrency exchange. 

The…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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