• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
WazirX Assesses New Compensation Plan for Affected Users

WazirX Assesses New Compensation Plan for Affected Users

user avatar

by Giorgi Kostiuk

a month ago


Affected WazirX customers from the 2023 breach may soon receive part of their funds back due to recent court assessments in Singapore.

Legal Proceedings and New Proposal

The Singapore court is currently assessing a new refund plan for WazirX customers affected by the breach. After rejecting the initial proposal, the company has been given time to submit a revised version, with outcomes expected soon.

Company Restructuring and Relocation

WazirX is preparing to change its corporate identity and relocate to Panama as Zensui. Company representatives indicate this move is crucial for the business's survival after encountering financial difficulties.

User Uncertainty and Upcoming Actions

Millions of users are still waiting for clarification on potential refunds. The lack of information continues to frustrate customers. According to the company, users who accept the compensation might have to waive rights to future litigation.

The ongoing situation at WazirX raises concerns about user trust and the company's future actions. Legal observers are closely monitoring developments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Marathon Digital Invests $20 Million in Two Prime to Enhance Bitcoin Yield Strategy

chest

Marathon Digital Holdings increases its investment in Bitcoin by committing $20 million to Two Prime, enhancing its Bitcoin allocation.

user avatarGiorgi Kostiuk

Function Completes $10M Seed Round to Enhance Bitcoin Yield Infrastructure

chest

Function raises $10M from Galaxy Digital to advance its Bitcoin yield infrastructure, providing new solutions for institutional investors.

user avatarGiorgi Kostiuk

June Inflation Hits 2.7%, Bitcoin Bounces Back to $117,000

chest

The Consumer Price Index in the US rose to 2.7% in June, impacting Bitcoin's price which fluctuated around $116,400.

user avatarGiorgi Kostiuk

Kevin Warsh Urges Fed to Cut Rates and Reduce Balance Sheet

chest

Kevin Warsh, once an opponent of rate cuts, now advocates for their reduction and the shrinking of the Fed's assets.

user avatarGiorgi Kostiuk

Sui Rises Again: Total Value Locked and SUI Token Growth

chest

Sui exhibits recovery with total value locked exceeding $2 billion and an upward trend in SUI token price.

user avatarGiorgi Kostiuk

XRP Hits $2.92 Following Approval of ProShares Ultra ETF

chest

XRP breaks out to $2.92 after receiving trading approval for the ProShares Ultra ETF on NYSE Arca.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.