Indian crypto exchange WazirX, which was hacked for $234 million last July, says it is on track to restart its operations pending a May 13 court decision on its restructuring proposal and user compensation plan.
If Singapore’s High Court gives the nod, WazirX parent company Zettai PTE Ltd can data-ct-non-breakable=”null” href=”https://cointelegraph.com/explained/crypto-exchanges-explained” rel=”null” target=”null” text=”null” title=”null”>restart the exchange and begin its compensation scheme for affected users within 10 business days, WazirX data-ct-non-breakable=”null” href=”https://x.com/WazirXIndia/status/1914237263141388472″ rel=”null” target=”null” text=”null” title=”null”>said in an April 21 update to X.
WazirX lost data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/indian-crypto-exchange-wazirx-hack-235m” rel=”null” target=”null” text=”null” title=”null”>$234 million of crypto from a Safe Multisig wallet mid-July 2024 in an attack data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/235m-wazirx-crypto-exchange-hack-india” rel=”null” target=”null” text=”null” title=”null”>since attributed to North…
