Story perspectives
Singapore Court Rejects WazirX Restructuring Amid $235M Heist
6/5/2025
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Story summary
- The Singapore High Court has dealt a significant blow to WazirX by rejecting its restructuring plan, leaving creditors in limbo after a staggering $235 million cyber heist. The court's decision hinged on undisclosed information regarding a Panama subsidiary. With an appeal on the horizon, the stakes are high—failure could lead to liquidation, complicating the already challenging path to asset recovery for creditors.
