Golden Finance reports that WazirX, India's largest crypto assets exchange, is on the verge of resuming trading, currently awaiting court approval after a restructuring plan has progressed smoothly. The restructuring plan received overwhelming support, with 95.7% of voting creditors casting their votes in favor, marking a key step in addressing the aftermath of the hacker attack in July 2024. The attack resulted in the theft of $235 million, a significant portion of which was funneled to North Korea.
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WazirX is close to obtaining legal permission, and the court is set to approve its resumption of trading.
Golden Finance reports that WazirX, India's largest crypto assets exchange, is on the verge of resuming trading, currently awaiting court approval after a restructuring plan has progressed smoothly. The restructuring plan received overwhelming support, with 95.7% of voting creditors casting their votes in favor, marking a key step in addressing the aftermath of the hacker attack in July 2024. The attack resulted in the theft of $235 million, a significant portion of which was funneled to North Korea.