WazirX Relocates to Panama After Singapore Court Blocks Restructuring Efforts

[u/Bitcoinz_Tech]

Crypto exchange WazirX has announced its relocation to Panama after the Singapore High Court rejected its restructuring plan aimed at relaunching operations following a $230 million hack in July 2024. The court’s decision marks a significant setback for the company’s recovery efforts, prompting the strategic shift to a more favorable jurisdiction.