The Singapore High Court has rejected WazirX's restructuring proposal, aimed at distributing recovered assets to users after a $230 million cyber heist. Despite creditor approval, the court declined the plan, reportedly due to WazirX's failure to disclose its newly incorporated Panama-based subsidiary, Zensui Corporation. WazirX, which is now rebranding and relocating its operations to Panama, expressed respect for the court's decision but is exploring legal options, including an appeal, to facilitate distributions and maintain that its Net Liquid Platform Assets remain secure.
LIVE
Mkt Cap $2.30T
BTC Dom 56.81 %
BTC
$64,990.00
▲ +0.70%
ETH
$1,917.05
▲ +0.30%
USDT
$0.999437
▲ +0.00%
BNB
$592.77
▲ +0.40%
USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.20%
DOGE
$0.069804
▲ +1.40%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012719
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$511.79
▲ +3.60%
ADA
$0.201111
▲ +0.00%
XMR
$375.38
▲ +3.00%
WBT
$56.21
▲ +0.50%
LINK
$8.20
▼ -0.20%
XLM
$0.16184
▲ +0.70%
DAI
$0.999868
▲ +0.00%
BCH
$216.18
▲ +1.30%
USD1
$0.999846
▲ +0.00%
USDE
$0.999794
▲ +0.00%
GRAM
$1.35
▼ -1.80%
Mkt Cap $2.30T
BTC Dom 56.81 %
BTC
$64,990.00
▲ +0.70%
ETH
$1,917.05
▲ +0.30%
USDT
$0.999437
▲ +0.00%
BNB
$592.77
▲ +0.40%
USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.20%
DOGE
$0.069804
▲ +1.40%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012719
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$511.79
▲ +3.60%
ADA
$0.201111
▲ +0.00%
XMR
$375.38
▲ +3.00%
WBT
$56.21
▲ +0.50%
LINK
$8.20
▼ -0.20%
XLM
$0.16184
▲ +0.70%
DAI
$0.999868
▲ +0.00%
BCH
$216.18
▲ +1.30%
USD1
$0.999846
▲ +0.00%
USDE
$0.999794
▲ +0.00%
GRAM
$1.35
▼ -1.80%
BTC
$64,990.00
▲ +0.70%
ETH
$1,917.05
▲ +0.30%
USDT
$0.999437
▲ +0.00%
BNB
$592.77
▲ +0.40%
USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.20%
DOGE
$0.069804
▲ +1.40%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012719
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$511.79
▲ +3.60%
ADA
$0.201111
▲ +0.00%
XMR
$375.38
▲ +3.00%
WBT
$56.21
▲ +0.50%
LINK
$8.20
▼ -0.20%
XLM
$0.16184
▲ +0.70%
DAI
$0.999868
▲ +0.00%
BCH
$216.18
▲ +1.30%
USD1
$0.999846
▲ +0.00%
USDE
$0.999794
▲ +0.00%
GRAM
$1.35
▼ -1.80%
Mkt Cap $2.30T
BTC Dom 56.81 %
BTC
$64,990.00
▲ +0.70%
ETH
$1,917.05
▲ +0.30%
USDT
$0.999437
▲ +0.00%
BNB
$592.77
▲ +0.40%
USDC
$0.999677
▲ +0.00%
XRP
$1.02
▼ -1.10%
SOL
$73.70
▲ +1.30%
TRX
$0.327205
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.20
▼ -3.20%
DOGE
$0.069804
▲ +1.40%
USDS
$0.999907
▲ +0.00%
RAIN
$0.012719
▲ +1.40%
LEO
$9.76
▲ +0.00%
ZEC
$511.79
▲ +3.60%
ADA
$0.201111
▲ +0.00%
XMR
$375.38
▲ +3.00%
WBT
$56.21
▲ +0.50%
LINK
$8.20
▼ -0.20%
XLM
$0.16184
▲ +0.70%
DAI
$0.999868
▲ +0.00%
BCH
$216.18
▲ +1.30%
USD1
$0.999846
▲ +0.00%
USDE
$0.999794
▲ +0.00%
GRAM
$1.35
▼ -1.80%
