WazirX Granted Four-Month Moratorium Amid Ongoing $230 Million Hack Recovery

The Singapore court's decision allows the Indian crypto exchange time to restructure finances and address user losses as hackers continue laundering stolen funds.

• WazirX suffered a $230 million hack in July, losing 45% of its total reserves.
• The Singapore High Court granted WazirX a four-month moratorium to finalize financial restructuring.
• Hackers have laundered nearly $40 million through Tornado Cash, complicating recovery efforts.
• WazirX must disclose wallet addresses, respond to user queries, and reveal financial information as part of the court's conditions.
• Only 0.02% of WazirX's 16 million users have agreed to the restructuring plan, leaving many users' funds frozen.

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