The Singapore High Court denied a restructuring moratorium for WazirX’s parent company Zettai, who has established a new entity in Panama named Zensui. This decision reflects worries about the lack of transparency from WazirX.
With the moratorium concluded, WazirX users can file legal grievances in India regarding the recovery of their funds. Meanwhile, the Monetary Authority of Singapore has warned unlicensed exchanges to cease operations by June 30, creating additional challenges for Zettai.
Leave a Reply