WazirX Awaits Crucial Court Ruling on May 13 to Restart Operations

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TheNewsCrypto 21h ago

WazirX Awaits Crucial Court Ruling on May 13 to Restart Operations - TheNewsCrypto

Quick Summary:

The recently hacked Indian crypto exchange, WazirX, has announced that it is on the way to restarting its operations, awaiting a court ruling on May 13 concerning its restructuring and user compensation plan. In July last year, the exchange was hacked for around $234.

In July last year, the exchange was hacked for around $234.9 million worth of crypto assets by hackers from North Korea.

The company made it clear that if the plan failed to gain approval from the creditors, it could lead to substantial delays in the repayment process.