WazirX Reconstruction Plan Rejected by Singapore Court

BlockBeats News, June 5th, according to CoinDesk, the restructuring plan of the struggling Indian cryptocurrency exchange platform WazirX suffered a major setback as the Singapore High Court rejected its proposal to repay creditors.

This decision will effectively delay the originally planned repayment process set to begin as early as April 2025. In an email sent to creditors, WazirX stated: "The Singapore High Court has officially ordered a rejection of our proposed restructuring plan."