WazirX Wins Approval From Singapore Court to Repay Users Following $230M Hack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
WazirX Restructuring Approval: The Singapore High Court has approved WazirX's request to restructure following a $230 million hack, allowing the exchange to hold a meeting with users to discuss fund distribution and operational revival.
Hack Details and Findings: The hack, attributed to North Korean group Lazarus, resulted in the theft of over 45% of WazirX's holdings, but the court found no evidence of wrongdoing by WazirX or its parent company Zettai.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
