Summary
- WazirX filed a moratorium application in Singapore’s High Court following a cyberattack resulting in over $230 million theft.
- Zettai Pte Ltd, the holding company for WazirX, is working to address users’ cryptocurrency balances on the platform.
- The filing seeks a 30-day automatic relief period to reorganize liabilities through a scheme of arrangement.
- The Singapore court will determine the duration of the moratorium.