Key Notes

Singapore High Court has rejected WazirX’s restructuring plan as WRX tanked in the past day.

WazirX quietly shifted its legal base to Panama after transparency concerns, leaving Indian users confused.

With no clear timeline for asset recovery, users have launched a public revolt against WazirX on social media.

WazirX , once touted as India’s most trusted crypto exchange, has found itself in a mess. After a brutal $235 million hack nearly a year ago, attributed to North Korea’s Lazarus Group , the company’s troubles have deepened with a shocking legal setback in Singapore and a controversial move to Panama.

The result of the announcement was a staggering 39% crash in WRX token price, dropping it to a record low of $0.00923 before a slight rebound to $0.02113.

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