WazirX must pay back 80% of stolen funds, court orders
Singapore High Court has accepted WazirX’s reorganization plan, which will allow the exchang to repay 75% to 80% of the stolen customer monies. Despite the court’s decision, many victims remain suspicious! A Singapore High Court has approved a payment restructuring plan for the victims affected by the WazirX crypto scam. The restructuring plan was approved on Jan. 23, 2025, under the Company’s Act. 1967, which regulates and sets guidelines on the operation of companies in India. The Singapore High Court also ruled that […]
WazirX hack victims to receive aid from new CoinSwitch fund
CoinSwitch has announced a $70 million recovery program, “CoinSwitch Cares,” aimed at helping WazirX users recover losses from a July 2024 cyberattack. The two-year initiative, seeks to restore confidence in India’s crypto ecosystem by providing financial relief to affected individuals. Announcing #CoinSwitchCares – a ₹600 Crore recovery fund for WazirX users. CoinSwitch Cares is a […]
CoinSwitch launches $70M recovery fund for WazirX hack victims
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year. Source link
Binance, WazirX among crypto firms evading taxes in India, says gov’t
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Source link
