TechFlow news, on September 26, according to CoinDesk citing sources, a Singapore court has granted Indian cryptocurrency exchange WazirX a four-month stay order under specific conditions. This move follows the July hack of WazirX, during which $234 million—approximately 45% of customer funds—was lost. Under the court's terms, WazirX must publicly disclose its wallet addresses via sworn affidavits submitted to the court, respond to user inquiries, reveal its accounts within six weeks, and ensure future voting takes place on an independent platform.
The hacker behind the attack has nearly completed laundering the stolen funds through Tornado Cash. WazirX’s legal counsel previously stated that full compensation for customers at the cryptocurrency level may not be possible. During Wednesday's hearing, the judge instructed WazirX’s legal representatives to consider disclosing details of any assets held by the exchange beyond tokens. The judge also noted that the exchange had shown "good faith" in seeking the stay order.
