WazirX, an Indian crypto trading platform, announced on Wednesday that it had asked the Singapore High Court for six months to restructure its debts. The move will trigger a 30-day automatic moratorium. The hearing date for the court to decide whether to grant the moratorium has not yet been determined. The moratorium will give Zettai breathing room to restructure, which is the most effective way to resolve the cryptocurrency balances of users on the platform and facilitate user recovery.