Wazirx confirms the restarting on the track as it awaits a hearing in a penalty in May

The Indian Crypto Exchange Wazirx, who was hacked for $ 234 million in July, said it was on the track to restart its operations waiting for a May 13 decision in the court to repair the proposal and repayment plan.

If Singapore’s High Court gives a tumang I -Restart the exchange and start its compensation scheme for affected users within 10 business days, Wazirx Says In an update of April 21 at X.

Wazirx is gone $ 234 million of crypto from a safe multisig purse mid-July 2024 to an attack Since linked to North Korea hackersForcing them to temporarily pause all crypto and Indian rupee removal on the platform.

“Zettai completed all the previous steps, and the next key step was to hear the penalty, which was scheduled by the Singapore High Court for May 13, 2025,” the company said.

“This hearing is important for the scheme to be legal effective. As we worked to stay aligned with previously shared time -fashioned, court proceedings operate independently, and we respect that process.”

On April 7, More than 90% of croted creditors Voted in favor of the platform’s post-hack restructuring plan, which was involved in the release of recovery tokens.

The tokens are re -purchased using net income from the exchange and can yield 75% to 80% of users’ account balances at cyberattack time.