CandleFocus WazirX Hack Update: Founder Announces Bold Steps to Revive Platform
2024-12-07
Author: Content Editor
Crypto exchange WazirX has filed for a Scheme of Arrangement in order to resolve financial disputes with creditors and restore platform services. The company has submitted a filing to the Singapore court, seeking an order for creditors to meet and approve a plan for settlement. WazirX aims to make the process transparent and equitable for all creditors. In addition, the exchange has been conducting an on-chain token swap to simplify asset management while assuring users of platform security. WazirX plans to provide detailed Scheme documents to creditors next week and promises to keep stakeholders fully informed throughout the process. This news comes as WazirX seeks to rebuild its platform following a cryptocurrency crash and regain the trust and credibility of its users and stakeholders.
Related News
South Africa Says BRICS Has No Plans To Create New Currency After Trump Issues Warning Against Dedollarization: Report Countdown To $5 XRP: Engineer Predicts Milestone On ‘Strong Fundamentals’ MYRIAD, Pudgy Penguins Team Up to ‘Predict the Future’ AirDAO Partners with Lunar Strategy to Boost Growth Crypto Market Surge: The Top Crypto Gainers to Watch Today VCs express skepticism towards crypto-AI projects: 'Almost everyone will lose a lot of money' Pepe memecoin flips Uniswap token in market cap, hits all-time high Justin Sun talks about buying Bitcoin under $1 and creating smart contract XRP Price Forecast – Analyst Sets $4 Target After Potential Retrace Dogwifhat (WIF) Set to Explode, Experts Eyes in $5 BlackRock Buys 5X More Bitcoin After Grayscale $150 Million Sale — What Next for BTC? 4 Cardano Rivals To Buy To Turn $2k To $200K Before Q1 2025 Analysis Company Announced: “This Altcoin’s Lack of FOMO Could Fuel Its Rally” Whale Deposits 60,079 ETH to Bitfinex, Realizing Over $274 Million in Profit Why FLOKI’s Bullish Pennant Could Lead to Significant Price Movement ? Hedera hits 3-year high, monthly gains near 600% Bitcoin remains volatile despite $103k milestone: Scaramucci Watch Out: Important Week Ahead! Here is the Day-by-Day, Hour-by-Hour Calendar of the New Week’s Economic Developments and Altcoin Events $DEAI Hits 143% Growth with Analysts Eyeing $2.80 as the Next Big Target Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet In This Altcoin, Developers Have Been Selling Huge Sales of Their Tokens for Three Days in a Row 120 Million XRP Grabbed on Dip as Whales' Activity Picks Up Bitcoin can separate money and state — David Sacks Shiba Inu’s Q1 2025 roadmap – What should SHIB holders expect from memecoin? Why Trump Must End Capital Gains Tax On Bitcoin NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales This is how Ethereum (ETH) performed in 2024 so far Weekly Bitcoin ETF inflows resume with $2.73b, analysts eye $200k BTC in 2025 Is Dogecoin Headed for a 25% Rally? This Indicator Reveals the Path Forward Shiba Inu Sees 3B Token Burn This Week, What's Next For SHIB? These are XRP's top holders by December 2024 Reserve Rights Investor moves $12.84M RSR to Binance as SEC Chair gets involved Ripple News: XRP Price Surges Again – Will it Hit $3 Soon? Bitcoin at $100,000 - What’s Next for FinTech's King? Why there's 'nothing preventing' Ethereum from hitting new all-time highs The $100K Price Barrier: What Bitcoin’s Converging Triangle Reveals AI Prophesies Bitcoin’s Future Price: Will BTC Soar or Sink by the End of Jan. 2025? Dogecoin Price Eyes $1 Boom, Mirroring Iconic 2021 Bull Run Binance Labs May Have Sold These Two Tokens After Altcoin Market Rise Incoming crypto czar Sacks says 'Choke Point' crackdown 'needs to be looked at' Top Trader Says Large-Cap Altcoin on Cusp of a Violent Upside Move, Updates Outlook on Bitcoin and dogwifhat Layer-2 networks need decentralized sequencers — Metis co-founder Tilted and Soulbound TV Partner to Revolutionize Digital Entertainment Mog Coin Hits New ATH and $1B Market Cap After 30% Surge Binance Awarded for Commitment to Fighting Cybercrime XRP jumps 10.03% surpassing Citigroup’s market cap at $139B TradingView Adds Coinbase Perpetual Swaps in Platform Expansion Altcoin Trader Deposits $8.44M in $PNUT to Binance to Book 17x Profit Ethereum Whale Buys $2 Million FTM Tokens, Boosting Fantom Market Optimism ? Cardano Constitution Finally Accepted: What to Know This is how Bitcoin (BTC) performed in 2024 so far Ether to $5K on fractals, BlackRock ETH ETF holdings 2x with $500M buy 915 Million in Open Interest, Cardano Makes Way for Big Leap Ethereum poised to copy XRP’s 390% rally toward $7.6K next ChatGPT-4o builds an ideal $1,000 crypto portfolio for the first half of 2025 Donald Trump’s Appointed US Cryptocurrency Official Makes a Statement Coinbase Announces Major Listings With Four New Crypto Assets Former Ripple Partner MoneyGram Bets on USDC SHIB Top Developer Calls on MetaMask for Major Shibarium Fixes China’s Central Bank Expands Gold Reserves In November After 6-Month Pause Dogecoin (DOGE) Breakout Alert! Bulls Eye 30% Rally Dogecoin Contributor Makes Call to Solana Top Wallet, Here's Why Ethereum Pectra Upgrade Takes Shape as Crucial EIP Approved CryptoRank Lists Top Bitcoin Wallets Holding Over 5% of Total BTC Supply Here is Dogecoin Price If Its Market Cap Hits $1 Trillion Stablecoin Issuer Tether Mints $2B USDT on Tron and Ethereum Expert Says If You Make $30K, XRP Could Be the Best Investment of Your Life Morocco Cracks Down on Crypto Crime: 5 Arrested in Phishing Scam The future of blockchain is not Bitcoin 300% Price Pump Awaits POL (MATIC) in the Coming Days of Altseason as BTC Continues Sideways Movement SOLV Sets Record on Hyperliquid Ticker Auction With $128,000 Bid Price Collaborative infrastructure is the only way for DeFi-TradFi cooperation | Opinion ‘You Won’t Believe What Hopefully Comes Next’: Trader Says Ethereum Primed To Hit New All-Time High and Beyond Crypto lending revives from the ruins of the 2022 market mania Aptos [APT] Surpasses $14 as Analysts Anticipate Potential Move Toward $20 Amid Strong Market Support Tomo Telegram Wallet Integrates with Jupiter for Zero-Fee Swaps Giant Whale Makes a Big Sale in Altcoin, Up 100 Percent in One Week Bitcoin Bubble Top Might Be Near? Not Yet, Analyst Says XRP 25% Weekly Rally: Why a Local Top Could Be Near 250,000,000 SHIB in Single Move — What’s Happening? BlackRock Dominates With $1 Billion Crypto Surge: Details Expert Says Shiba Inu Breaking Out of Three-Year Downtrend, Next Stop All-Time High XRP Price Rally Expected as Ripple CEO Announces ’60 Minutes’ Air Date Crypto Whale Deposits 1.4M $LDO into Binance, Highlighting a Strategic Trading Chainlink (LINK) Is 10.8% Away From 3-Year Peak, Will It Match Up? DOGE Founder Names Key Reasons for His Increased Appreciation of Crypto Top Crypto Analyst Says Bitcoin Far Closer to the Cycle Peak Than People Want To Admit – Here’s His Timeline Expert Explains How the Ripple RLUSD Stablecoin Could Propel XRP Prices 20 Million XRP on Move as XRP Price Makes Comeback Binance Coin Breaks Through The $720 Barrier But Uses It As Support In Light of the Bull Rally, the Crypto Community’s Top 20 Altcoins of Interest in the Last Week Revealed Bitcoin Whale Strategically Buys $127M During Market Dip Key Driver For Bitcoin (BTC) Omega Candle Named by Samson Mow Is Pepe Coin Price Ready to Hit $1 in 2025? Shiba Inu Blockchain Shibarium Achieves Double Milestones Analyst Sets Cardano Price Targets at $1.4, $1.6 and $1.8 as ADA Prints New Buy Signal Expert Identifies Best XRP Entry Points, Sets $6 to $8 as Uptrend Targets Neo SPCC updates NeoGo to v0.107.1, introduces NeoFS block fetching service Cardano Price Outlook: Can ADA Reach $1.5 and Grow Further? HBAR Skyrockets by 20% Daily, BTC Price Flirts With $100K (Weekend Watch) Biggest Altcoin Gainers of the First Week of December 2024 EU’s new AML framework for crypto-asset businesses takes effect in 2025 Tomarket Airdrop Alert: 80% of TOMA Tokens Set to Be Rewarded to Loyal Players WazirX Hack Update: Founder Announces Bold Steps to Revive Platform “Bitcoin beats the dollar forever” – MicroStrategy’s Michael Saylor shares investment strategy Shiba Inu Surges 208% in 2024: Analysts See Top 10 Potential Bitcoin Energy Consumption Index Eyes ATH, Here's Its Implication SUI Flashes Overbought Warning, Will A Price Correction Follow? Anti Crypto Democrat Caroline Crenshaw Likely to Retain Seat DeFi lending on Liquidium hits 4-month high as Bitcoin soars past $100K Store-of-Value Coins Steal the Spotlight in a Dynamic Month for Crypto WIF’s $93.8M exchange exodus: Is a 30% price surge coming? Charlie Kirk Vows to Champion Roger Ver’s Cause Against Government Overreach Coffeezilla calls out 'insane headlines' about Hawk Tuah memecoin Crypto User Loses $300K in Phishing Scam via Malicious Work Meeting Link Software Engineer Predicts Timeline for XRP to Hit $5, Says XRP Fundamentals Remain Strong Ethereum Price Hits $4000: What’s Next? Top Analyst Predicts $6,800 Bitcoin Energy Consumption Index Eyes ATH, Here's Its Implication Chainlink Price Analysis Hints Final Dip Before 60% Breakout Rally - CryptoNewsZ Is BNB Price $1000 Rally Next After Bitcoins’ $100k Milestone? - CryptoNewsZ Analyst Reveals What Next For Dogecoin Price As DOGE Turns 11 This Week in Crypto: Bitcoin Circles $100,000, Ripple’s RLUSD Efforts, Cardano Founder Calls for Unity Early PEPE Investor Secures $7.06 Million in Profits XRP Price Prediction For December 7 Bitcoin and Ethereum ETFs Paste Healthy Inflows: BlackRock Leads the Pack Ethereum (ETH) $4,000 Comeback: What's Next? Did Bitcoin (BTC) Reach Top? Solana (SOL) Finally Breaks Downtrend