Indian cryptocurrency exchange WazirX has received approval from the Singapore High Court to restructure following a $230 million hack last year. This crucial ruling allows WazirX to convene a meeting with users to discuss the distribution of funds lost in the cyberattack, marking a significant step towards reviving the platform's operations. The court found no evidence of wrongdoing by WazirX, despite some user concerns regarding its parent company, Zettai. If the restructuring plan is successful, WazirX will distribute the recovered funds to creditors within 10 business days. The hack, which occurred in July, saw over 45% of the exchange's $500 million holdings stolen, leading to significant challenges for the platform and its users.

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