WazirX Gets Court Extension for Restructuring
WazirX has secured a critical lifeline from the Singapore Court, gaining approval to submit additional arguments supporting its restructuring proposal. The court also extended the moratorium period, originally slated to expire on June 6, 2025, shielding the exchange from legal actions as proceedings unfold.
This decision grants WazirX valuable time to strengthen its case. The exchange awaits further directives from the court while pledging transparency in resolving the matter for its user base.