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The WazirX Exchange is expected to restart in May, pending approval by the Singapore court

Online reports, according to Cointelegraph, Indian cryptocurrency exchange WazirX is waiting for a hearing in the High Court of Singapore on May 13 to be allowed to restart the platform and start a compensation plan for users. The exchange was attacked by North Korea in July last year and lost US$234 million in crypto assets, causing the platform to suspend all withdrawals. More than 90% of creditors have voted in support of its restructuring plan, which includes the issuance of recovery tokens that are expected to return 75% to 80% of users 'account balances. If approved, WazirX will resume operations within 10 working days. At the same time, the Supreme Court of India has rejected claims from 54 victims, saying that encryption policy issues are not within its jurisdiction.

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