Indian cryptocurrency exchange WazirX has received approval from the Singapore High Court for its restructuring plan, which aims to repay customers affected by a $235 million cyberattack attributed to North Korea's Lazarus Group in July 2024. The court's decision allows WazirX's parent company, Zettai, to pursue creditor recovery and avoid liquidation. Users could recover 75% to 80% of their account balances through proposed token distributions. The court noted that there was no evidence of wrongdoing by WazirX in the attack. A user voting process will be held in the next three months to decide on the implementation of the recovery plan, followed by distribution of recovered assets within 10 days if approved. The plan includes creation of recovery tokens tied to future platform profits and an upcoming decentralized exchange. The restructuring is supported over liquidation, emphasizing a swift resolution for users.

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