WazirX Files for Moratorium in Singapore Court After $230M Hack

• WazirX's parent company Zettai Pte filed moratorium application in Singapore High Court on August 27
• Move seeks 'breathing space' for restructuring liabilities under scheme of arrangement
• Application follows $234.9M crypto heist last month, representing 45% of user funds
• Company plans to allocate impact of cyberattack pro-rata across users as unsecured creditors
• WazirX expects at least six months to consider restructuring plan and work with stakeholders

Source: Inc42