Singapore Court Approves WazirX Restructuring, Enabling Repayments Following Major Hack

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The Singapore High Court has approved a restructuring plan for crypto exchange WazirX, allowing it to move forward with repaying users after a $234 million security breach last year.

The decision follows weeks of creditor support for the revised proposal.

The hack, which resulted from a breach of a Safe Multisig wallet in July 2024 and has been linked to North Korean hackers, forced the India-based platform to halt withdrawals and spend over a year navigating legal proceedings.