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    • Six-month moratorium

      • In August, WazirX filed for a six-month moratorium. However, the Singapore court has granted four months to the company to find suitable white knights for capital support, implement revenue-generating products to share profit with users and track and recover stolen crypto assets, as part of its restructuring plan.
      www.financialexpress.com/business/digital-transformation-singapore-court-grants-wazirx-4-month-moratorium-after-rs-2000-cr-hack-3623911/

      Singapore court grants WazirX 4-month moratorium after Rs ...

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  3. economictimes.indiatimes.com › markets › cryptowazirx: WazirX granted four-month conditional moratorium by ...

    2 days ago · The moratorium comes with several key conditions designed to maintain transparency and restore confidence among creditors and users. WazirX must publicly disclose wallet addresses via a court affidavit, respond to user queries raised during court proceedings, release its financial information, including its books of accounts, within six weeks, and ensure that future voting on court applications is conducted through an independent platform, scrutinized by third parties.

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  5. www.financialexpress.com › business › digitalSingapore court grants WazirX 4-month moratorium after Rs ...

    1 day ago · The moratorium follows a massive cyber attack in July, which resulted in WazirX losing nearly Rs 2,000 crore of customer funds, affecting around 4 million investors. (Representational image ...

  6. wazirx.com › blog › wazirx-moratorium-application-filedAnnouncement: WazirX Moratorium Application Filed in ...

    Aug 28, 2024 · An automatic moratorium of 30 days arises from the filing of the application (i.e., 27 August 2024), and the Singapore Court will determine whether to grant the moratorium sought at a hearing of the application (and the duration of the moratorium, if so granted).

  7. www.thehindubusinessline.com › money-and-bankingWazirX granted a four-month moratorium by Singapore court to ...

    2 days ago · In a relief to WazirX, a Singapore court has granted the Indian crypto exchange a four-month moratorium, giving time to the company to resolve the aftermath of a major hack that led to the loss of ...

  8. www.moneycontrol.com › technology › some-respite-forSome respite for WazirX, Singapore court allows 4-month ...

    2 days ago · The court acknowledged WazirX’s prompt response in filing for the moratorium,” WazirX said in a statement. WazirX founder Nischal Shetty said, "Our immediate filing for the moratorium was a ...

  9. www.gadgets360.com › cryptocurrency › newsWazirX’s Moratorium Appeal Gets Four Months' Time from ...

    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.

  10. news.abplive.com › business › cryptoWazirX Secures 4-Month Moratorium from Singapore Courts, Aims ...

    2 days ago · "Our immediate filing for the moratorium was a decisive step taken to ensure the fastest, fairest, creditor-approved, legally binding path to resolution where creditors have a token choice and potential upside in a bull run." ALSO READ: WazirX Relying On 'White Knights' To Recover From $235-Million Theft, Only 55%-57% Of Stolen Funds Recoverable