Singapore Court Grants WazirX Four-Month Conditional Moratorium: Source
WazirX, which lost $234 million in a hack, had filed an application with the Singapore High Court for a six-month moratorium.
WazirX, which lost $234 million in a hack, had filed an application with the Singapore High Court for a six-month moratorium.
WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance – a statement the latter has denied.
WazirX said “many exchanges” were “cooperating” with them and that their immediate plans included “tracing the stolen funds, recovering customer assets, and conducting a deeper analysis of the cyber attack.”
The exchange blamed a veri discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community aren’t buying that narrative.