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🚨 LATEST: WazirX gets Singapore court approval to repay victims of the $235M hack by North Korea’s Lazarus Group, with users expected to recover up to 80% of stolen funds.

The Singapore High Court has granted us leave to convene a Scheme Meeting. This marks another significant milestone in the restructuring process as we move closer to restarting the WazirX platform. The next step? Prepare for the Voting Process. Scheme Creditors will have the

This makes it smoother for US banks to custody digital assets. Good move! You can read the SAB 122 here: sec.gov/rules-regulati… More info in this article: cointelegraph.com/news/sec-cance…

With the positive crypto regulatory changes taking place in the US, the next 4 years is going to be the golden period for crypto. Having a long term view of the crypto sector will help you succeed over others. IMO, this year and next will see some significant improvements in

If the scheme is voted Yes by majority, all the liquid funds will be immediately distributed at platform restart. This will allow everyone to start using the platform as before including trading, withdrawal etc. At the same time, we will also work on profit generation, such

It’s the same. All liquid assets will be available at restart. Future distributions are all about future profits, stolen asset recoveries, Recovery Tokens, DEX tokens etc. Hope that clarifies?

Rebalanced portfolio is now live on WazirX. All the tokens listed on the rebalanced page will be part of the first distribution when platform restarts. For platform to restart, the scheme will need to be approved by majority. After platform restart, we will continue to work on

We will issue RT tokens and use them to distribute any future recovered funds to token holders. The value of RT tokens will be based on the total value of stolen assets. If enough people are interested, we may also list RT tokens for trading. 🙏

This video provides a detailed explanation of the Rebalanced Portfolio. The tokens you see on your rebalanced portfolio page will be distributed at restart if scheme is voted YES by majority and approved 🙏❤️

It’s going to be your decision whether to restart the platform and take the token distributions asap or go into liquidation which will take years. Opening up the platform helps everyone to participate in the crypto markets. At the same time, we will work hard on profit

Clearing Up Confusion About the Restructuring If you have any questions, feel free to ask, we want to make everything as clear as possible. At the end of the day, the choice is yours. A Yes vote means we move forward, restart the platform, and distribute ALL available liquid

A New Era for Crypto 🚀 The Trump presidency could usher in an extended crypto bull run. While there will be ups and downs along the way, the overall trajectory seems clear: Mass adoption is accelerating, fueled by a pro-crypto stance from the U.S. leadership. This could be a

Shared this with the WazirX team today. Thought I should share with all of you too. 7 years ago, WazirX was launched. A lot has happened since then. We're hurt but not out. We have a lot of work to do, to create more value than what was stolen. Your support will help us make

Journey to build value and transparency for our tribe has begun 🙏❤️ 👉 Completed independent third-party verification of assets and liabilities 👉 $478.5M in net liquid assets confirmed by Alvarez & Marsal as of Jan 17, 2025 👉 Verification also covered illiquid assets like

🙏🙏🙏

When you have courage, you will face failures. But you truly fail only when you give up. #NeverGiveUp

The people have spoken. We will work hard on rebuilding and creating value for everyone 🙏❤️ 93.1% of voting creditors, representing 94.6% in value, have voted YES to the Scheme of Arrangement. This strong support marks an important milestone in the recovery process and

There’s some FUD claiming that the WazirX fund distribution is delayed. It was previously communicated that the next step after the vote is to seek court sanction of the scheme. Court hearing is scheduled for 13th May. We’re on track and fully focused. Please ignore the noise,

📢 Update from Court Hearing The hearing for SUM 940 took place on 13 May 2025 before the Singapore Court. While no orders were made at this stage, the Court has directed the Company to file a further affidavit(s) by 23 May 2025, and extended the existing moratorium to 6 June

📢 Update on Court Proceedings We’ve filed the additional affidavit(s) with all the documents as directed by the Singapore Court during the hearing on 13 May 2025. We understand the community’s anticipation around the platform restart and first distribution. Please know that