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January 23, 2025

WazirX Receives Court Approval to Compensate Victims of $235 Million Hack

WazirX has made significant strides in recovering after a devastating $235 million hack, linked to North Korea’s Lazarus Group. The Singapore High Court has approved WazirX’s restructuring plan, setting the stage for the repayment of user funds lost in this major incident. This approval marks a pivotal step in restoring trust among users and investors. WazirX aims to bolster user confidence by following through on its commitment to compensate those affected by the breach. Stakeholders should stay updated on the compensation process as WazirX works to rebuild its reputation following the attack.

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