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WazirX exchange sets sights on mid-May comeback amid legal deliberations – TON BOT

WazirX exchange sets sights on mid-May comeback amid legal deliberations

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Indian crypto exchange WazirX plans to resume operations by mid-May 2025 pending a final decision in Singapore High Court on May 13. The exchange’s parent company, Zettai, has completed preliminary requirements. WazirX aims to distribute recovered funds and reopen within ten days of court approval. Critics question the recovery plan, which aims to avoid liquidation by launching a decentralized exchange and conducting buybacks. The platform collapsed in July 2024 following a $230 million exploit linked to North Korean hackers.

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