WazirX awaits a crucial decision from the Singapore court following a $235 million hack, aiming to restart operations and compensate users within 10 business days. The downtime has led to significant missed opportunities for users, making the court's ruling critical for WazirX's recovery.
The exchange plans a phased compensation approach, potentially addressing claims worth approximately $195.6 million. Without court approval, fund restitution could extend to 2030, adversely affecting affected users.
WazirX's restructuring strategy, supported by its founder, highlights an adaptable recovery model. Insights suggest this strategy may serve as a benchmark for handling exchange crises, aligning with regulatory guidance to restore user confidence and industry stability.
Full story here: https://coincu.com/333579-wazirx-awaits-court-approval-resume
