WAZIRX wins the approval of Singapore short to reimburse users after $ 230 million hack

The Indian Wazirx cryptocurrency exchange obtained approval from the High Court of Singapore to restructure after the hacking of $ 230 million last year.

The high court allowed Wazirx to convene a program meeting with users in an “important step” to the distribution of lost funds in the attack and revival of the operations of the platform, announced by e-mail by e-mail.

If the restructuring plan was approved, the funds would then be distributed to creditors within 10 working days.

Wazirx was hacked by the attackers by the North Korean group Lazarus in July, which is more than 45% of the $ 500 million in holdings in holdings. During the months that followed, the hackers bleached their badly acquired gains using silver tornado of cryptographic mixer focused on privacy.

The court concluded that there was no evidence of reprehensible acts of Wazirx in the attack, despite the suggestions of certain users that the parent company of Wazirx, Zettai, had some involvement.

Find out more: more than half of the crypto tokens starting in 2024 were malicious: Blockaid

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