WazirX’s $235 million hack: Crypto exchange gets Singapore court nod to repay customer funds

Cryptocurrency exchange WazirX, owned by Singapore-based Zettai Pte Ltd, has received approval from the Singapore High Court to convene a scheme meeting with its users to repay them funds stolen in a $235 million hack in July last year. North Korean Lazarus group was found responsible for the cyberattack.

A scheme meeting is a shareholders’ meeting for a vote on a scheme of arrangement which is a court-approved agreement among the company and shareholders or creditors.

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