CandleFocus Singapore Court Grants WazirX Four-Month Conditional Moratorium: Source
2024-09-26
Author: Content Editor
Indian cryptocurrency exchange WazirX has been granted a four-month moratorium by a Singapore court following a hack in July that resulted in the loss of $234 million, or 45% of customers' funds. The conditions imposed on WazirX include revealing wallet addresses, responding to user queries, disclosing its book of accounts, and conducting future voting on an independent platform. The hacker responsible for the attack is close to finishing laundering the stolen funds. WazirX's legal advisers have stated that customers are unlikely to be fully compensated in cryptocurrency.
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