WazirX's Restructuring Plan Declined by Singapore Court, Hacked Indian Exchange Says

Embattled Indian crypto exchange WazirX’s restructuring plan has hit a major snag, with the Singapore High Court declining to approve the crypto exchange’s proposed scheme to repay creditors.The decision effectively delays any payouts that were expected to begin as early as April 2025. “The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan,” WazirX said in an email to creditors. “While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes source: https://www.coindesk.com/markets/2025/06/05/wazirxs-restructuring-plan-declined-by-singapore-court-hacked-indian-exchange-says