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2024/10/07 09:14

Singapore Court Grants WazirX 4-Month Moratorium o

Singapore Court Grants WazirX 4-Month Moratorium on Strict Conditions: Report

A Singapore court has reportedly granted a four-month moratorium to Indian cryptocurrency exchange WazirX, following the company’s request for a temporary reprieve. The moratorium, however, comes with some conditions, including full transparency of the exchange’s wallet addresses and financial records. This development comes after WazirX was hit by a massive hack in July, which resulted in the loss of $234 million, affecting 45% of its customers’ funds. According to a statement viewed by CoinDesk, the conditions include submitting a court affidavit revealing all wallet addresses associated with WazirXmmmm. Additionally, the exchange is required to release its book of accounts within six weeks and respond to all users’ queries during this period. The court also mandated that any voting on its future actions must be ....

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