WazirX’s customer-approved restructuring plan, intended to compensate users impacted by a previous hack, has hit a snag. The exchange sought final approval from the Singapore High Court to begin reimbursements. However, the court postponed the decision, requesting further documentation from WazirX and its parent company, Zettai. The court’s decision to defer the case delays the compensation process for affected users. WazirX has communicated this update through its X (formerly Twitter) account, assuring users that they are working to address the court’s requirements and expedite the reimbursement process.
WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
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WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX’s customer-approved restructuring plan, intended to compensate users impacted by a previous hack, has hit a snag. The exchange sought final approval from the Singapore High Court to begin reimbursements. However, the court postponed the decision, requesting further documentation from WazirX and its parent company, Zettai. The court’s decision to defer the case delays the compensation process for affected users. WazirX has communicated this update through its X (formerly Twitter) account, assuring users that they are working to address the court’s requirements and expedite the reimbursement process.
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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