In what can only be described as a rare moment of justice in the chaotic universe of crypto, the Singapore High Court has given its hearty approval to WazirX’s grand restructuring scheme. Yes, dear reader, after a series of legal dramas that would make even the most seasoned soap opera blush, our favorite Indian crypto exchange can finally breathe a sigh of relief. The verdict? Users can expect to recover up to 55% of their hard-earned, or at least, hard-possessed, $235 million that vanished faster than a hacker’s conscience in July 2024. 🎩🔪
Months of legal wrangling, including a Hollywood-worthy rejected plan and a subsequent revote that drew in 95% creditor support-a number that makes a politician blush-have culminated in this triumphant outcome. Expect payouts in USDT (because why not keep it cryptic?) to hit wallets within a mere ten business days. It’s like Christmas, but with less eggnog and more digital currency. 
This decision spills a splash of sunshine onto WazirX’s approximately 16 million users-mostly Indian, but let’s not discriminate-who can now dream of recovering a hefty chunk of their lost digital treasure amid the chaos of ongoing regulatory skirmishes and recovery efforts. Cheers to small victories, and here’s hoping the next chapter involves fewer hacks and more happy endings! 🥂🙃
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2025-10-13 11:57