{"id":23288,"date":"2025-04-22T13:20:08","date_gmt":"2025-04-22T10:20:08","guid":{"rendered":"https:\/\/forklog.com\/en\/wazirx-to-resume-operations-following-235-million-hack\/"},"modified":"2025-04-22T13:20:08","modified_gmt":"2025-04-22T10:20:08","slug":"wazirx-to-resume-operations-following-235-million-hack","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wazirx-to-resume-operations-following-235-million-hack\/","title":{"rendered":"WazirX to Resume Operations Following $235 Million Hack"},"content":{"rendered":"<p>The Indian cryptocurrency exchange WazirX is preparing to resume operations after a <a href=\"https:\/\/forklog.com\/en\/news\/indian-cryptocurrency-exchange-wazirx-hacked-for-234-9-million\">hack<\/a> in July 2024. The implementation of the restructuring plan and compensation of client funds depends on the decision of the Singapore High Court.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">FAQ: What\u2019s the current update on the restart of WazirX operations?<\/p>\n<p>A: We understand the eagerness around the platform restart and truly appreciate your continued patience. Since the beginning, we have communicated that the First Distribution and restart would occur within the\u2026 <a href=\"https:\/\/t.co\/VJtfX4EBLh\">pic.twitter.com\/VJtfX4EBLh<\/a><\/p>\n<p>\u2014 WazirX: India Ka Bitcoin Exchange (@WazirXIndia) <a href=\"https:\/\/twitter.com\/WazirXIndia\/status\/1914237263141388472?ref_src=twsrc%5Etfw\">April 21, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A verdict is expected on May 13.<\/p>\n<p>The exchange has completed all preparatory stages. WazirX&#8217;s parent company, Singapore-registered Zettai, clarified that the next step will be a court hearing.<\/p>\n<p>If the scheme is approved, the initial distribution of funds among clients and the platform&#8217;s relaunch will occur within 10 business days.<\/p>\n<p>Joint efforts by authorities from the US, Japan, and South Korea revealed that the attack was <a href=\"https:\/\/www.mofa.go.jp\/files\/100779661.pdf\">linked<\/a> to the North Korean hacker group Lazarus Group. Analysts at Elliptic <a href=\"https:\/\/forklog.com\/en\/news\/north-korean-hackers-implicated-in-wazirx-breach-says-elliptic\">concurred<\/a> with this conclusion.<\/p>\n<p>Earlier, $3 million in stablecoins related to the incident were <a href=\"https:\/\/decrypt.co\/301538\/wazirx-freezes-3-million-hack\">tracked and frozen<\/a>.<\/p>\n<p>In January 2025, the court granted WazirX the right to <a href=\"https:\/\/forklog.com\/en\/news\/wazirx-to-discuss-compensation-with-hack-victims\">organize a meeting<\/a> with clients to discuss the debt restructuring scheme and compensation payments.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian cryptocurrency exchange WazirX is preparing to resume operations after a hack in July 2024. The implementation of the restructuring plan and compensation of client funds depends on the decision of the Singapore High Court. FAQ: What\u2019s the current update on the restart of WazirX operations? A: We understand the eagerness around the platform [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,278,946],"class_list":["post-23288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-india","tag-singapore"],"aioseo_notices":[],"amp_enabled":true,"views":"51","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23288"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23287"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}