Singapore Court Grants WazirX Four-Month Conditional Moratorium: Source
Summary
A Singapore court granted WazirX a four-month moratorium with conditions. WazirX must disclose wallet addresses, respond to user queries, reveal its accounts within six weeks, and conduct future voting on an independent platform. The exchange lost $234 million in a hack, affecting 45% of customer funds. The hacker has nearly completed laundering the stolen funds using Tornado Cash. WazirX's legal advisers indicated customers are unlikely to recover their losses in crypto terms. The court acknowledged WazirX's good faith in seeking the moratorium.
