The Singapore court has just extended the time for the cryptocurrency exchange WazirX to present its restructuring plan, prolonging hopes of recovery after the $234.9 million hack last July. This decision is a significant move that allows WazirX to continue its efforts to help 6.6 million users regain access to their funds.

In the process, WazirX is preparing to transfer its cryptocurrency-related operations to Panama through its subsidiary Zensui Corporation, as #Singapore set a deadline to cease providing digital token services abroad by June 30. More than 93% of creditors have approved this plan, although lawyers warn that users may face further delays.