Singapore Court Gives WazirX 4 Months, But There Are Conditions!
đ Good news for crypto enthusiasts! A Singapore court has just given Indian crypto exchange WazirX a four-month moratorium. But don't get excited yet, there are conditions!
- **Full Transparency**: WazirX must be transparent about their wallet addresses and financial records.
- **Account Book**: Within six weeks, they must release their account books and answer all user questions.
- **Voting**: All voting on the exchange's future must be done on an independent platform.
This all comes after WazirX was hacked in July, losing $234 million! đ±
WazirX founder Nischal Shetty said this step was to protect creditors and find the best solution. However, legal advisors said the chances of users getting compensation in the form of crypto are still slim.
So, what do you think? Come on, share your opinions in the comments column!
