Krutika Adani
A Singaporean court has granted 4 months to WazirX to come up with a resolution plan but has also attached several conditions like publicly disclosing its wallet address.
WazirX faces restructuring in Singapore after which the exchange could face forced restructuring.
All of these happen amid an ugly war of words with Binance, with both claiming that the other controls the exchange.
Further, the hacker has reportedly laundered all the stolen crypto, erasing the connection between him and the stolen funds.
WazirX has one last chance before a court-monitored restructuring possibly liquidates its assets and the exchange goes defunct.