Indian cryptocurrency exchange WazirX suffered a cyberattack, resulting in losses of up to $235 million. In response to this challenge, WazirX announced a restructuring plan to compensate affected users. 💼

Its parent company Zettai applied to the Singapore High Court for a debt moratorium in August 2024 and plans to restructure under a Singapore arrangement. ⚖️

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

While the market is volatile, WazirX's financials have shown some stability. 🔍