The post Singapore Court Approves WazirX Plan: Users to Recover 55% appeared first on Coinpedia Fintech News
The Singapore High Court has approved the restructuring plan for Indian crypto exchange WazirX. This decision allows users to recover up to 55% of the $235 million lost in a July 2024 hack. Following months of legal challenges, including an earlier rejected plan and a revote with 95% creditor support, payouts in USDT ($1.00) equivalent are expected within 10 business days. The move brings significant relief to WazirX’s 16 million mainly Indian users amid ongoing recovery and regulatory efforts.
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