🔔 WazirX Gets Court Lifeline After $235M Hack

What happened?

WazirX’s $235M post-hack recovery plan was rejected by a Singapore court, but the court granted more time for the company to revise its arguments.

Key Points:

• ✅ 93% of creditors approved the plan.

• 🌍 WazirX plans to relocate to Panama via a new entity, Zensui Corp, to avoid stricter Singapore crypto rules.

• 💸 Affected users may receive “recovery tokens”, potentially repaying up to 75–80% of losses.

• ⏳ Moratorium extended – users and creditors can’t sue while WazirX reworks its plan.

Next: Revised restructuring must be submitted soon. Token distribution still pending.

#MarketRebound #IsraelIranConflict #ScalpingStrategy #SwingTradingStrategy #CryptoNewss

$BTC $ETH $SOL