Singapore High Court allows WazirX parent firm to convene creditor meeting

Quick Summary:

In September last year, the court had granted a four-month moratorium to the Indian cryptocurrency exchange.

The recovery plan comes after the company lost over $230 million in a security breach on the platform in July.

Creditors will also receive recovery tokens enabling them to redeem these as part of the company’s recovery efforts.

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Article Details

Category: BusinessFinance

Markets: IndiaSingapore

Topics: Crypto exchange High Court Zettai WazirX Singapore High Court DEX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 20:03:56 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25370644

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