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Singapore Court Delays Ruling on WazirX Hack Compensation, Extends Moratorium
Singapore Court Delays Ruling on WazirX Hack Compensation, Extends Moratorium
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The Singapore High Court has postponed its decision on compensation for victims of the $230 million WazirX hack, extending the moratorium on claims until June 6. During the May 13 hearing, the court directed WazirX to submit additional affidavits by May 23, leaving affected users in limbo.
This development underscores the lingering challenges of crypto exchange security and regulatory oversight. The hack, one of the largest in Indian crypto history, continues to test the industry’s ability to protect user assets and restore trust.
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