A Singapore High Court has ordered WazirX to disclose its wallet addresses after granting a four-month moratorium for restructuring following a $230 million hack. The Indian crypto exchange must reveal details of the hacked and remaining wallets, as well as provide updated management accounts. Creditors will receive a share of the exchange’s reserves, with independent oversight on the restructuring process. WazirX plans to implement revenue-generating mechanisms and partnerships to help recover funds for affected users. The exchange must respond to customer queries and may seek an extension if needed.
9/26/2024 3:55:04 PM (GMT+1)
Singapore court orders WazirX to disclose wallets, management reports, and balance within 3 weeks after a $230M hack affecting 45% of users' funds 💻🔐
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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