<ul><li>The Singapore High Court has approved Zettai Pte Ltd’s request to convene a meeting with creditors of the crypto exchange WazirX, allowing the company to present its restructuring proposal.</li><li>The court granted a 16-week moratorium, shielding Zettai from legal actions while it seeks to implement the plan. Creditors will review the proposed Scheme of Arrangement for asset distribution and resumption of operations.</li><li>Allegations of Zettai's complicity in the cyberattack were dismissed due to lack of evidence. Investigations identified Lazarus Group as responsible for the hack.</li><li>The reorganization plan includes reorganizing debts, distributing liquid assets to creditors, issuing recovery tokens, and relaunching the WazirX platform with enhanced features.</li></ul>

Singapore court backs WazirX plan for post-hack revival

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