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4 days ago · 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.
4 days ago · WazirX founder Nischal Shetty said, "Our immediate filing for the moratorium was a decisive step taken to ensure the fastest, fairest, creditor-approved, legally binding path to resolution where ...
1 day ago · The conversion rate of WazirX (WRX) to INR is ₹10.87 for every 1 WRX. This means you can exchange 5 WRX for ₹54.33 or ₹50.00 for 4.60 WRX, excluding fees. Refer to our conversion tables for popular WRX trading amounts in their corresponding INR prices and vice versa.
4 days ago · WazirX, the Indian crypto exchange that suffered a $230 million hack in July, is actively working to restructure its finances and compensate affected users. In a recent development, a Singapore court has granted the exchange a four-month moratorium to finalize its financial restructuring.
4 days ago · The moratorium provides WazirX with additional time to engage with its creditors and work on a legally binding resolution to restore the balances of cryptocurrency holders. The court's decision acknowledges WazirX's compliance with Section 64 of the Insolvency, Restructuring, and Dissolution Act (IRDA), a key factor in securing this legal relief.
3 days ago · WazirX (WRX) is an ERC-20 token native to the WazirX ecosystem, a prominent cryptocurrency exchange in India. Founded by Nischal Shetty, Sameer Mhatre, and Siddharth Menon, it offers a platform for buying, selling, trading, and investing in various cryptocurrencies.
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4 days ago · WazirX, India’s biggest crypto exchange, suffered a major hacking attack in July this year losing close to $230 million. Since then, it has been trying to deal with the crisis. It had asked for a six-month moratorium, but the Singapore court gave it four months.
