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Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
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WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
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ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
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WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
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Indian Migrant Workers Used As "Gold Mules" By Singapore Smugglers: Report
Smugglers in Singapore have been approaching Indian migrant workers flying home via Changi Airport to act as 'gold mules' by carrying jewellery in exchange for a fee, according to a media report on Sunday.
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Indian-Origin Jail Warden Fined Rs 83 Lakh For Taking Bribe From Singapore Prisoner
An Indian-origin senior prison warden was convicted on Monday for soliciting bribes of SGD 133,000 (Rs 83,02,930) in exchange for transferring an inmate out of his prison cluster.
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Himanta Biswa Sarma Awarded With Singapore's Top Fellowship
Assam Chief Minister Himanta Biswa Sarma has been awarded the prestigious Lee Kuan Yew Exchange Fellowship for his distinguished contribution to public service, the Chief Minister's Office (CMO) informed through an official statement on Sunday.
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Singapore Court Approves WazirX Restructuring Plan Following $234 Million Hack
The Singapore High Court has approved WazirX’s revised restructuring plan following the $234 million hack in 2024. The ruling enables the exchange to restart operations and repay over 150,000 users through recovery tokens. The hack, traced to North Korea’s Lazarus Group, forced a halt in withdrawals. The decision marks a key step toward restori...
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WazirX Parent Zettai Urges Singapore Court to Review WazirX Restructuring, Extend Moratorium
Zettai, the parent company of crypto exchange WazirX, has approached the Singapore High Court seeking a reassessment of its financial restructuring plan. The filing also requests an extension of the ongoing moratorium, which has protected both Zettai and WazirX from creditor lawsuits while the company works on its reimbursement strategy.
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WazirX Restructuring Plan Rejected By Singapore High Court; Crypto Firm to Appeal Decision
WazirX users affected by the $230 million (roughly Rs. 1,970 crore) hack are set to face further delays before their money is reimbursed. On Wednesday, the Singapore High Court rejected the crypto exchange's restructuring scheme, despite it receiving approval from creditors in April. WazirX requires the court's permission to execute the restructuri...
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WazirX Reimbursement Plan Faces Delay as Singapore Court Extends Existing Moratorium to June 6
WazirX has been directed by the Singapore High Court to complete some more documentation work before giving it the go-ahead to implement its restructuring scheme. For now, the Singapore court has extended its moratorium cover to WazirX and Zettai to 6 June.
-
ED Says Paytm Violated Foreign Exchange Rules
The Enforcement Directorate (ED) said that Paytm had made a foreign investment in Singapore and did not file the necessary reporting to the Reserve Bank of India (RBI).
-
WazirX Tells Creditors to Approve Restructuring Scheme or Wait Till 2030 for Refunds
WazirX said if a majority of creditors vote against the scheme, they could have to wait for up to five years to get compensated for the funds they lost in the July 2024 hack. A company spokesperson told Gadgets 360 that the exchange plans to start the voting process by the end of February or early March.
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WazirX’s Moratorium Appeal Gets Four Months' Time from Singapore Court, Here’s What it Means
A Singapore court has granted WazirX a four-month moratorium period to complete its financial restructuring. In a press note released by the exchange on Thursday, September 26 it said that this action paves way for a legally binding resolution to restore WazirX’s crypto balances.
-
Indian Migrant Workers Used As "Gold Mules" By Singapore Smugglers: Report
Smugglers in Singapore have been approaching Indian migrant workers flying home via Changi Airport to act as 'gold mules' by carrying jewellery in exchange for a fee, according to a media report on Sunday.
-
Indian-Origin Jail Warden Fined Rs 83 Lakh For Taking Bribe From Singapore Prisoner
An Indian-origin senior prison warden was convicted on Monday for soliciting bribes of SGD 133,000 (Rs 83,02,930) in exchange for transferring an inmate out of his prison cluster.
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Himanta Biswa Sarma Awarded With Singapore's Top Fellowship
Assam Chief Minister Himanta Biswa Sarma has been awarded the prestigious Lee Kuan Yew Exchange Fellowship for his distinguished contribution to public service, the Chief Minister's Office (CMO) informed through an official statement on Sunday.
