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Indian Court Blocks WazirX From Using User’s XRP to Cover Hack Losses

An Indian court has ruled that cryptocurrencies are recognized as property in India, barring WazirX from redistributing a user’s 3,532 XRP to cover losses.

WazirX to Resume Operations on Oct. 24, Promises Token Payouts to Creditors Within 10 Days

Indian crypto exchange WazirX will relaunch in a phased approach starting Oct. 24, with 0% trading fees and recovery tokens to creditors.

, by Sujha Sundararajan

Blockchain News

WazirX Wins Court Nod in Singapore for Debt Restructuring Scheme, CEO Says

WazirX has obtained Singapore High Court approval for its long-awaited debt restructuring plan, marking a key milestone in its recovery from last year’s major hack.

, by Shalini Nagarajan

WazirX Funds Recovery Back on Track as Singapore High Court Orders New Creditor Vote

The Singapore High Court has set aside its June 4, 2025, order rejecting WazirX's restructuring plan and ordered a new creditor vote on an amended scheme, potentially clearing the path for the exchange to reopen and begin distributing funds to users affected by the $230 million hack in July...

, by Anas Hassan

WazirX Gets Final Shot: Singapore Court Extends $234M Crypto Moratorium

The Singapore High Court has extended WazirX’s legal moratorium and granted the Indian cryptocurrency exchange a final chance to present arguments for its proposed restructuring plan. The decision comes nearly one year after a $234 million hack and months of silence that left users waiting for...

, by Hassan Shittu

Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama

The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year's $234 million hack. Zettai also revealed to the court that in March it had...

, by Jai Pratap

WazirX Plans Issue of RT Tokens to Distribute Recovered Assets, Mulls Listing Tokens for Trading

Indian crypto exchange WazirX, which suffered a major security breach last year losing $234 million of users funds, is now planning to issue Recovery Tokens (RT) to distribute recovered assets to its users. The exchange’s founder, Nischal Shetty, revealed the plan on Tuesday, adding that the...

, by Sujha Sundararajan

WazirX Warns Repayments From $234M Hack Could Be Delayed Until 2030

WazirX warns repayments from its $234M hack could be delayed until 2030. Creditors face two paths: restructuring for faster recovery or liquidation with prolonged uncertainty.

, by Tanzeel Akhtar

Crypto Exchange CoinSwitch Promises ‘Recovery’ Through Rewards for WazirX Users

CoinSwitch CEO Ashish Singhal on Tuesday announced a recovery program for WazirX users. The program aims to help them recover losses from the alleged July 2024 cyberattack. However, the crypto community quickly pointed out that this "recovery program" primarily serves as a user acquisition...

, by Shalini Nagarajan

The 7 Worst Crypto Stories of 2024

From disastrous meme coin launches to a painful U-turn from El Salvador, it hasn't all been green candles and price pumps this year.

, by Connor Sephton

WazirX Parent Firm Moves to Organize Creditor Meeting for User Recovery Plan

WazirX parent firm Zettai announced Tuesday that it applied with the Singapore High Court on Dec. 6, seeking permission to hold a meeting with creditors to present a recovery scheme. The scheme aims for "quick and fair recovery" after WazirX's $230m crypto theft on July 18. This scheme, a...

, by Shalini Nagarajan

Indian Police Arrest Suspect in Connection with WazirX’s $234M Hack

Indian police recently arrested an individual allegedly linked to the July cyber attack on crypto exchange WazirX, which caused around $234m in losses. SK Masud Alam, from West Bengal, allegedly created a fake account to carry out the cyberattack, according to a police chargesheet seen by...

, by Shalini Nagarajan

WazirX Redirected $74M in Crypto to Other Exchanges After Major Hack: CoinSwitch

CoinSwitch CEO Ashish Singhal has claimed WazirX transferred about $73.6m in users' crypto to global exchanges Bybit and KuCoin following its major $234m cyber attack in July. Singhal leveled the accusation on Monday, as CoinSwitch introduced a public dashboard to track wallet activities after...

, by Shalini Nagarajan

Indian Govt. Officials Probe Crypto Exchange WazirX’s $234M Hack: Report

The troubled Indian crypto exchange WazirX’s founders reportedly faced questions from government officials who sought information on the illegal transfer of cryptos from its wallets on July 18. Local Indian news outlet Moneycontrol reported the investigation earlier today. WazirX founders met...

, by Sujha Sundararajan

Over $409 Million Lost to Crypto Hacks in Q3 2024, New Immunefi Report Reveals

Over $409M was lost to crypto hacks in Q3 2024, as revealed by Immunefi’s latest report. Both CeFi and DeFi platforms experienced significant impacts, with major losses reported by exchanges such as WazirX.

, by Julia Smith

Singapore Court Grants Four-Month Conditional Moratorium to WazirX, Asks to Disclose Holdings Beyond Tokens

A Singapore court has granted a four-month conditional moratorium to the troubled Indian crypto exchange WazirX following a $234 million hack in July. The court's decision comes with several stipulations, including the requirement for WazirX to disclose the addresses of its wallets through a...

, by Jai Pratap

WazirX Hacker Transfers Nearly $23M in Crypto to Tornado Cash So Far

The WazirX hacker has so far transferred about $23m in cryptocurrencies to Tornado Cash after the July breach that saw $234m stolen from the exchange. On Thursday, Cyvers Alerts reported the hacker moved 5,000 ETH, worth around $11.7m, to a new address. From this, $4.7m was sent to Tornado...

, by Shalini Nagarajan

WazirX Parent Calls for ‘White Knights’ to Assist in Exchange Rescue

WazirX parent firm Zettai is engaging with 11 crypto exchanges and trading firms to secure emergency funding or establish partnerships aimed at recovering the $235m lost in a July hack, the Economic Times reported Tuesday. “We’re working to try to get potential investors, white knights, to...

, by Shalini Nagarajan

WazirX’s Parent Firm Files for Moratorium in Singapore High Court

Zettai Pte Ltd, the parent company of WazirX, applied to the Singapore High Court On August 27 for a moratorium under Section 64 of the Insolvency, Restructuring and Dissolution Act 2018. This legal maneuver comes after WazirX's major cyber attack on July 18, 2024, that resulted in the theft of...

, by Hassan Shittu

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