WazirX Quits Singapore, Moves to Panama — The Great Crypto Escape! 😂🚀

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WazirX Quits Singapore, Moves to Panama — The Great Crypto Escape! 😂🚀

Well, well, well! Looks like India’s favorite crypto exchange, WazirX, is packing its bags and heading to Panama faster than you can say “money laundering” — after Singapore’s fancy courts said, “Nah, we don’t want you anymore!” 😱🌴

In a riveting email (because who doesn’t love court documents!), WazirX spills the beans that their parent company, Zettai, is heading south, rebranding faster than a superhero donning a new costume. “Zettai takes a big step to set up a shiny new subsidiary, Zensui, in Panama,” says the document—because why not move your entire operation to a country where no one can find you? 🤔🌎

Crypto move to Panama

This story gets juicier — Singapore’s central bank, in the spirit of making life difficult, gave an ultimatum: stop digital tokens by June 30, or else. And WazirX? Well, their plan to restructure got vetoed faster than you can say “regulatory nightmare.” In the corner, the courts declare, “Nope, not today!” 🎭💸

Singapore court declines

Jalaj Jain (the legal eagle who’s now doing consulting because apparently, he’s bored of startups) told CryptoMoon, “Legal trouble might be brewing in India too. But hey, it’s all a guessing game until regulators speak—if they ever do.” Because, nothing says “business as usual” like jumping ship to Panama! 🕵️‍♂️🌊

WazirX’s Big New Beginning with Zensui — Panama Style!

On March 10, Zensui was born in Panama (better late than never, right?), and the transfer of operations is basically ready to go faster than a speedboat. Within two to three days, WazirX plans to transfer its crypto carnival south of the border, complete with shiny new tokens and, presumably, a tropical mascot. 🌞🌴

And yes, they’re also minting WazirX recovery tokens — think of them as IOUs from the crypto gods, promising you’ll get some of your hacked millions back… maybe. These tokens are supposed to help victims of their $235 million hack (linked to North Korea, yikes!) get a slice of the pie again. 🍰🤷‍♂️

Over 90% of creditors said “yes” to this plan, and WazirX promises you might get back 75-80% of what you lost. Because nothing says “trust” like a digital IOU with a hope and a prayer! 🎟️🙃

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Hot Crypto Move! You Won’t Believe Where WazirX Is Going! 🤣

Oh, the crypto exchange WazirX, you say? Seems they’re doing the ol’ soft shoe shuffle out of Singapore and heading to Panama, Panama! 💃 After the local courts gave their restructuring plan a big ol’ “NO!” Imagine, all that paperwork for nothing!

Apparently, Zettai, the parent company, is packing its bags and rebranding. They’re setting up shop as Zensui Corporation in Panama. [ManyChat](https://pollinations.ai/redirect-nexad/YpOeCoi8), unlike WazirX, can help you stay put and still reach everyone with chatbots for Facebook, Instagram, and WhatsApp! No need to flee the country to connect with your audience, folks! 😜

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2025-06-04 16:39