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Singapore High Court Blocks WazirX’s Restructuring Plan After $230M Hack

  • Singapore High Court blocked WazirX's restructuring plan following a $230M hack.
  • Despite 93% creditor backing, court rejected the proposal, leading to a halt in recovery efforts.
  • WazirX is exploring legal alternatives, including a potential appeal, to address the setback.
  • The ruling poses challenges for WazirX's trust rebuilding efforts, yet the exchange remains committed to long-term recovery.

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