WazirX Asks Singapore High Court for 6 Months to Restructure Its Liabilities

Under the “restructuring, the impact from the cyberattack will be allocated pro-rata across users who rank equally with each other as unsecured creditors, and users will receive a share of available token assets associated with the Platform proportionate to their share of all users’ unsecured claims for their account balances,” according to the announcement.

Original Source: https://www.coindesk.com/business/2024/08/28/wazirx-asks-singapore-high-court-for-6-months-to-restructure-its-liabilities/?utm_medium=referral&utm_source=rss&utm_campaign=headlines