The Singapore High Court has approved a payment restructuring plan for victims affected by the WazirX crypto scam, allowing the exchange to repay 75% to 80% of the stolen customer funds. The court ruled that there was no foul play by WazirX regarding the hack. The restructuring plan aims to prioritize creditor recovery and prevent liquidation. Users will participate in a voting process over the next three months, and if approved, the exchange will distribute liquid assets, including gains from the recovery of the crypto markets. WazirX has issued recovery tokens to help users recoup their losses, and the exchange has frozen $3 million worth of Tether and is working with authorities to retrieve further assets involved in the attack. However, some victims remain suspicious and criticize the CEO for allegedly asking for more time for the voting process.



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