WazirX Revote Passes With 95.7% Support: When Will Users Get Their Crypto Back?
WazirX’s amended restructuring plan has gained 95.7% approval in the revote, bringing users another step closer to recovering their crypto. WazirX Restructuring Heads Back To Court After Overwhelming Support Indian crypto exchange WazirX became prey to a notorious hack in July of last year, in which it lost user funds amounting to about $235 million, […]
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Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. Related Reading: ‘BNB Isn’t Crumbling’: CZ Slams Critics Stirring Fear And Doubt According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the $234 million hack that hit the platform in July 2024. Creditor Vote And Numbers Based on reports from the company, the revised plan won broad backing from affected account....
Indian exchange WazirX has received the greenlight from the Singapore High Court, paving way for users to finally get their crypto funds back. WazirX Restructuring Approved By Singapore High Court As announced by WazirX founder and CEO Nischal Shetty in an X post, the latest Singapore High Court hearing has ended with the platform’s restructuring […]
In the last day, X users have raised concern over a scam email following the recent million-dollar hack of the cryptocurrency exchange WazirX. This development comes as the management of WazirX rolls out several measures to recover the stolen funds. Related Reading: Fallout From WazirX’s $235M Exploit: Crypto Exchange Files Police Complaint Malicious Actors Exploit […]
Changpeng Zhao (CZ), CEO of cryptocurrency exchange Binance mentioned that customers who have crypto on WazirX should transfer it to Binance’s platform. He stated in a Tweet that, If you have funds on WazirX, you should transfer it to Binance. Simple as that. We could disable WazirX wallets on a tech level, but we can’t/won’t […]
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity. The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; however, to everyone’s surprise, CZ took to Twitter to claim that the acquisition process never went through and....