PANews, July 13 - According to a report by CoinDesk, CoinDCX CEO Sumit Gupta dismissed allegations of transferring user funds to non-compliant entities in Lithuania. These allegations were made by WazirX, which is under scrutiny following a $230 million Hacker attack. Sumit Gupta emphasized that CoinDCX's user funds are managed by Neblio, an entity fully compliant with Indian regulations.

PANews reported on June 25 that according to CryptoSlate, the Singapore High Court approved the extension of WazirX's legal protection period to obtain a final restructuring opportunity for the Indian exchange, which was mired in the $234 million Hacker incident. The court allowed it to present new arguments in favor of the revised reorganization plan and to stay the creditors' action until the final decision. The exchange had previously planned to transfer its core business to Zensui Corporation, a new entity in Panama, with the intention of issuing "recovery tokens" linked to the outstanding balance, promising users to eventually recover 75%-80% of lost assets. Although 93% of creditors voted in favor in April, the court last month did not approve the plan, citing a lack of transparency. If the restructuring fails, forced liquidation may lead to user payment delays until 2030. Currently, 400,000 user accounts on the platform have been frozen for nearly a year, and the next round of hearing dates has not yet been announced.

PANews reported on June 4 that WazirX, a cryptocurrency exchange primarily serving the Indian market, announced the relocation of its operating entity from Singapore to Panama, with its parent company Zettai being renamed Zensui Corporation. This move comes after the Singapore court did not approve its restructuring plan, and the local Central Bank required crypto service providers to cease offering digital token services to overseas markets by June 30. Documents show that WazirX registered a new entity, Zensui, in Panama on March 10, and the business transfer agreement is ready, with service migration expected to be completed within 2-3 working days after execution. The platform clearly stated that it will not apply for a new operating license in Singapore and has no plans to register with the Indian financial intelligence unit. In response to the $235 million hacker attack incident in February 2023, WazirX will issue recovery tokens to compensate the victims.

BlockBeats news, on December 19th, according to market information, alts fell across the board, among them: WRX dropped by 58.41% in the past 24 hours, now priced at $01014; BLZ dropped by 50.47% in the past 24 hours, now priced at $0.063; AKRO dropped by 39.5% in the past 24 hours, now priced at $0.00237; PNUT dropped by 18.66% in the past 24 hours, now priced at $0.844; NEIRO dropped by 18.5% in the past 24 hours, now priced at $0.00116; WIF dropped by 15.2% in the past 24 hours, now priced at 2.3