WazirX Exchange on Brink of Rebirth Amid Legal Hurdles!

Indian crypto platform WazirX, devastated by a $234M hack, is gearing up for a potential return. After halting operations last July due to an attack linked to North Korean hackers, it's awaiting a critical sanction hearing in Singapore's High Court, set for May 13, 2025. A successful outcome would allow the parent company, Zettai PTE Ltd, to relaunch and compensate affected users. Over 90% of creditors back a restructuring plan promising recovery tokens, converting net profits into redress for losses. A proposal rejected by India's Supreme Court highlights the legal and regulatory complexities still facing the cryptocurrency world.