On July July, the Indian Crypto Exchange Wazirx, who was hacked for $ 234 million last July, says on the right way to restart its operations pending the court’s decision on May 13 regarding the restructuring proposal and user compensation plan.
If the Supreme Court in Singapore is given the gesture, the Mother Wazirx PTE LTD can restart the stock exchange and start its compensation plan for affected users within 10 working days, wazirx He said In the update of April 21 to X.
Wazirx lost $ 234 million of encryption from a multi -secure portfolio in mid -July 2024 in an attack since it was attributed to North Korean infiltrators, forcing them to temporarily stop all the withdrawals from Indian and Indian troops on the platform.
The company said: “Zettai has completed all the previous required steps, and the next main step is the penal session, set by the Supreme Court in Singapore on May 13, 2025.”
“This session is necessary for the scheme to become legally effective. While we worked to remain compatible with the previous joint timetables, the court procedures work independently, and we respect this process.”
On April 7, more than 90 % of the voting creditors voted in favor of the post -platform restructuring plan, which included the release of recovery codes.
The symbols will be restarted using clear profits from the stock exchange and can result from 75 % to 80 % of user account balances at the time of the electronic attack.
Wazirx has warned that payment of the penetration of $ 235 million can be delayed until 2030 if the creditors do not agree to the proposed restructuring plan.
The Singapore Supreme Court gave permission from Zettai to renew the creditors meeting to propose a possible treatment for users and a plan to restore the stock exchange online in January.
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“We understand the passion for restarting the platform and really appreciate your constant patience,” Wazirx said.
“From the start, we concluded that the first distribution and re-restartment will happen during the April 2025 window.”
The Supreme Court in India rejects the petition of Wazirx users
A separate court ruling from the Supreme Court in the Supreme Court rejected a petition submitted by 54 victims of penetration, who sought a legal lawsuit against Wazirx, Sheetty, Binance and Huddy Provider Liminal. The petitioners also asked the court to audit the Wazirx accounts.
Judges BR Gavai and Augustine MASIH refused the petition, saying that the court could not judge the case because it was the issue of an encryption policy, which the court does not possess power.
Gavai and MASIH advised petitions to deal with an organizational body or other relevant authority to hear the matter instead.
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