The Singapore High Court approves the restructuring plan of the cryptocurrency trading platform WazirX

the Singapore High Court has approved the restructuring plan of the Indian cryptocurrency exchange WazirX. WazirX previously submitted a legal opinion to the Singapore court on September 26, seeking to advance the restructuring plan and is awaiting further instructions.

BlockBeats previously reported that on July 18, 2024, the Indian cryptocurrency exchange WazirX was hacked, and its multi-signature wallet on the Ethereum network was stolen. A total of $234.9 million has been transferred to a new address. Each transaction's caller was funded by Tornado Cash.