“The Wazirx cryptocurrency can renew work after a court hearing in Singapore, appointed on May 13. The court should consider and approve the company restructuring plan after breaking last year, which resulted in a platform lost $ 234.9 million FAQ: What’s The Current Update On the Restart of Wazirx Operations? A: We Understand The Eagerness AROUND OF THE PLATFORM RECTART […]”, – WRITE: Businessua.com.ua
The Wazirx cryptocurrency can renew work after a court hearing in Singapore, appointed on May 13. The court should consider and approve the company restructuring plan After breaking last year, which resulted in the platform lost assets worth $ 234.9 million.
FAQ: What’s The Current Update on the Restart of Wazirx Operations?
A: We Understand the Eagerness AROUND OF THE PLATFORM RECTART AND TRULY Apprecrate Your Continued Patience. Since The Beginning, We Have Communicated That The FIRST DISTRIBUCTION AND RECTART Wuldd Occur Within the… Pic.twitter.com/vjtfx4blh
– Wazirx: India Ka Bitcoin Exchange (@wazirxindia) April 21, 2025
The parent company, Zettai, has already completed preparation for the trial. If the court approves the proposed compensation scheme, Wazirx will make the first payments to the creditors and restart the platform within 10 working days after the decision.
During the voting in early April, the restructuring plan was supported by 93.1% of creditors, which have 94.6% of the amount of requirements. More than 141,000 users with a total claim of about $ 196 million took part in the vote.
The restructuring plan provides for the issue of special recovery-ductules that can be trade, and the company undertakes to buy them periodically. Wazirx also plans to launch a decentralized exchange (DEX).
We will remind, the analysts of Elliptic came to the conclusion that there are North Korean hackers on the exchange on the exchange.
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