WazirX, an Indian cryptocurrency exchange, has received approval from the Singapore High Court for its restructuring plan, allowing it to repay customer funds stolen in a reported $235 million hack attributed to North Korea's Lazarus Group. The court's decision, made on January 23, 2025, permits WazirX to recover funds through a process aimed at creditor recovery while avoiding liquidation. Estimates suggest users could recover 75% to 80% of their account balances through token distributions. There were no indications of wrongdoing by WazirX in relation to the breach. The exchange plans to involve users in a voting process to finalize the scheme within three months. If approved, users will receive initial payouts within 10 days, alongside the introduction of recovery tokens that allow claims to be tied to future profits of the platform. WazirX has also initiated efforts to recover more assets involving collaboration with authorities from the US, Japan, and South Korea.

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