Altcoin

Singapore court approves WazirX plan: users get 55% back

Published

2 months ago

October 13, 2025

The Singapore Excessive Court docket has authorized the restructuring plan for the Indian crypto trade WazirX. The choice permits customers to reclaim as much as 55% of the $235 million misplaced in a July 2024 hack. After months of authorized challenges, together with a beforehand rejected plan and a revote with 95% assist from collectors, USDT equal payouts are anticipated inside 10 enterprise days. The transfer brings vital reduction to WazirX’s 16 million principally Indian customers, amid ongoing restoration and regulatory efforts.

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