WazirX's restructuring plans approved after $230-mn crypto hack
After cyberattack that wiped 45% of WazirX's crypto assets worth $230-million, Singapore's High Court approved the company's restructuring scheme. "The sanction represents key milestone in WazirX's journey since it marks one of the fastest restructurings in global crypto industry," said WazirX Founder Nischal Shetty. The scheme aims to recover nearly 85% of token value lost in initial phase.