Right. Hold onto your crypto wallets and possibly your last shreds of sanity: WazirX users, after what feels like twelve lifetimes in crypto years (nine months for normal people), are *maybe* about to receive news that doesn’t require a stiff drink. The Singapore High Court has gallantly stepped in and scheduled a review of WazirX’s recovery plan for May 13, 2025. 🚨 Mark calendars, flash up the group chats—the suspense is almost cinematic.
Should the court nod sagely and say, “Yes, go forth and recover,” this might actually be—theoretically speaking—the start of users reclaiming their missing millions. Or at least the parts not already in some North Korean penthouse (allegedly).
Wazirx $230 Million Hack: The Plot Thickens
Rewind to July 2024: while you were worrying about your boss, WazirX was suffering a hack so massive it made all other bad days look like amateur hour—$230 million (about ₹2,000 crore) gone. Swiftly, whispers turned to shouts blaming the notorious Lazarus Group, the hackers sponsored by the North Korean government, who apparently love crypto even more than Bond villains love laser sharks.
Chaos ensued. WazirX panic-froze over half the users’ funds, nearly ₹2,500 crore’s worth, affecting about 55% of all funds. Trading was suspended, user portfolios froze in time like sad little museum exhibits, and faith in the platform went into freefall. The trust tank had more leaks than a government WhatsApp group.
Restructuring Plan: Hope or Another Episode of Crypto Soap Opera?
Now, in May 2025 (after more plot twists than a Turkish drama), the restructuring plan waits for the Singapore High Court’s all-important seal. 🤞 93.4% of users, desperate for literally anything to happen, have voted yes—because at this point, why not?
If the big wigs say yes, WazirX pledges to shower 85% of everyone’s missing stashes back, calculated as of D-Day (or, you know, hack day). If all goes to plan (*laughs nervously*), payouts may start within ten business days. That’s right: you might soon hear the sweet chime of notifications prettier than any wedding bells.
That Awkward Missing 15%
Of course, there’s always a catch. Today’s hearing feels a bit like waiting for the lottery results, except with anxiety, caffeine, and the lingering whiff of betrayal. No one really knows what’s happening with the rogue 15%—that part of your portfolio still lost in the wilderness. No official timeline, no soothing bedtime stories. And let’s not even talk about the trust issues. 😬
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2025-05-13 11:10