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Resolving the aftermath of a major hack
- A Singapore court has granted cryptocurrency exchange WazirX a four-month conditional moratorium. This ruling provides the embattled exchange with temporary relief, allowing it to focus on resolving the aftermath of a major hack that led to the loss of over $230 million, about 45% of customers ' funds.
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1 day ago · A Singapore court has granted cryptocurrency exchange WazirX a four-month moratorium, allowing it to restructure liabilities in the aftermath of the cyber attack that wiped out nearly Rs 2,000 ...
2 days ago · A moratorium grants struggling companies a court-sanctioned grace period to devise their recovery plan. While WazirX initially indicated that it would require six months to restructure its finances, the court has only granted a four-month period. It remains uncertain whether this timeline will be extended to accommodate WazirX's original estimate.
2 days ago · WazirX has been granted a four month moratorium under certain conditions. The Indian cryptocurrency exchange lost $234 million, some 45% of customers' funds, in a hack in July.
2 days ago · WazirX granted four-month moratorium by Singapore court to resolve aftermath of $230 million hack efficiently. SENSEX 85,836.12 + 666.25. NIFTY 26,216.05 + 211.90. CRUDEOIL 5,707.00 -134.00
2 days ago · It had asked for a six-month moratorium, but the Singapore court gave it four months. And with conditions. The crypto exchange is required to make wallet addresses public via a court affidavit, respond to user queries raised in the courtroom, release financial information, and ensure future voting for court applications is scrutinised by independent parties.
2 days ago · WazirX cryptocurrency exchange has been granted a four-month moratorium by Singapore courts. The decision, made on September 26, 2024, comes as a crucial move in the company's efforts to resolve its financial obligations and secure a sustainable recovery plan following the $235-million theft last month.
