Indian crypto exchange Wazirx announced on Thursday that it has been granted a four-month moratorium by a Singapore court after the company complied with Section 64 of the Insolvency, Restructuring, and Dissolution Act (IRDA). This followed a cyberattack in July that saw over $230 million stolen.
The exchange noted that this decision gives the company time to address its financial obligations and develop a resolution plan for stakeholders, including creditors and users impacted by the situation. As part of the court’s requirements and to improve transparency, Wazirx detailed on social media platform X:
Wazirx will make wallet addresses public via a court affidavit, respond to user queries raised in the courtroom, release financial information, and ensure future voting for court applications is scrutinized by independent parties.
“The court noted that from the onset of the proceedings, Wazirx has actively engaged with creditors,” Wazirx stated. The moratorium “paves the way for the fastest, creditor-approved, and legally binding resolution to restore crypto balances, ensuring a fair and timely outcome for all stakeholders,” the exchange claimed. Moreover, Wazirx shared that in collaboration with its advisors and stakeholders, the company is working on a comprehensive plan to address the needs of all parties involved.
Users have raised concerns about delays in accessing their funds, with many worried about the future of their cryptocurrency balances. Social media discussions reveal frustration, as users call for clearer timelines on asset restoration. Questions have also emerged about whether Wazirx can meet court expectations and safeguard user interests.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
