According to ChainCatcher, Indian cryptocurrency exchange WazirX suffered a $235 million cyber attack in July 2024. The company announced a restructuring plan to compensate affected users. WazirX's parent company Zettai applied to the Singapore High Court for a suspension of debt repayment in August 2024 and proposed a restructuring under the Singapore Arrangement Plan.

As of December 2024, WazirX reported liquid assets of $566.38 million, exceeding the total claim of $546.47 million USDT submitted by users in July 2024.