WazirX, the Indian crypto exchange, has been given a four-month extension by a Singapore court to repay $230 million following a hack in July. The court imposed conditions, including revealing wallet addresses, responding to user queries, and disclosing financial records within six weeks. WazirX must also conduct future voting on an independent platform. Despite the challenges, co-founder Nischal Shetty sees the court's decision as a positive step towards resolution and restructuring. The exchange's parent company, Zettai, filed for restructuring in August to navigate the crisis. WazirX is in talks with multiple exchanges for potential partnerships to recover from the incident. The hacker responsible for the theft has nearly laundered all stolen assets using a crypto tumbler. Stablecoins are gaining popularity in countries like India, Singapore, and Indonesia, reshaping the crypto landscape with innovative solutions and increased trading activity. Read more AI-generated news on: https://app.chaingpt.org/news