WazirX Awaits Singapore Court Ruling on Restructuring Post-$230M Hack
- Centralized Exchange
- Security
Indian exchange WazirX, hit by a $230M hack in 2024 tied to North Korea's Lazarus Group, awaits a critical Singapore court decision on its restructuring plan. The ruling could determine if the platform recovers or fades into obscurity, a hot topic on CT given the scale of user losses. Many in the community are skeptical, pointing to ongoing security concerns and lack of transparency. This moment highlights the long tail of major hacks on exchange credibility.
Incident Details
- Type
- EXCHANGE HACK
- Funds Lost
- $230M
- Status
- Ongoing
WazirX seeks restructuring approval, user funds remain at risk, and trust in Indian exchanges shaken.