Indian exchange WazirX has received the greenlight from the Singapore High Court, paving way for users to finally get their crypto funds back.

WazirX Restructuring Approved By Singapore High Court

As announced by WazirX founder and CEO Nischal Shetty in an X post , the latest Singapore High Court hearing has ended with the platform’s restructuring scheme receiving approval.

The hearing marked the culmination of WazirX’s recovery efforts following the infamous July 2024 hack . This hack, which was later linked with North Korea’s Lazarus Group, drained the platform of almost $235 million in user crypto. At the time, the exchange held a total of $500 million, meaning hackers made away with about 47% of its reserve.

WazirX had to cease operations once the hack became known, and to this

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