<ul><li>Singapore High Court rejected WazirX's restructuring plan, leading the largest Indian crypto exchange to evaluate legal options and consider appealing the decision.</li><li>WazirX incurred a loss of about $235 million to hackers in July 2024, prompting the move to Panama after the Singapore court's denial of the restructuring plan approval.</li><li>The exchange's parent company, Zettai, plans to relocate to Panama and rebrand, as revealed in email communications shared with users and media reports.</li><li>Despite the setback in Singapore, WazirX assures users that NLPA remains safe and unaffected by the court's decision, with efforts focused on initiating distributions promptly.</li></ul>

Singapore HC rejects WazirX’s restructuring plan

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