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WazirX restructuring plan rejected by Singapore court

律动BlockBeats
律动BlockBeats|Jun 05, 2025 06:06
On June 5th, according to CoinDesk, the restructuring plan of the struggling Indian cryptocurrency trading platform WazirX suffered a major setback as the High Court of Singapore refused to approve its proposal to repay its debts to creditors. This decision will effectively postpone the repayment process originally scheduled to begin as early as April 2025. WazirX stated in an email to creditors, "The High Court of Singapore has officially ordered the rejection of our proposed restructuring plan
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Timeline

Jul 04, 23:55【FTX China creditor's claim is blocked】
Jul 04, 17:14【FTX's creditors face losses and confiscation】
Jul 04, 16:06【FTX Recovery Trust may detain assets from 49 countries】
Jul 04, 02:30【FTX applies for court approval to implement new restricted processing procedures】
Jul 01, 02:40【Progress of FTX Creditors' Compensation】
Jul 01, 02:21【FTX creditors expect compensation distribution time】
Jun 26, 02:22【StormX voluntarily submits bankruptcy protection application】
Jun 24, 19:40【Confirmed large-scale fraud against hundreds of thousands of creditors】
Jun 22, 00:15【19-year-old man detained again for fraud case】
Jun 18, 13:55【WOLF will be taken over by creditors】

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