WazirX to hold first meeting on September 2 to discuss proposed restructuring and moratorium application
2024-09-01 06:13
Odaily News WazirX said in a post on X that it plans to hold its first Townhall meeting at 16:00 on September 2 to discuss the proposed restructuring and moratorium application. Earlier, WazirX announced on Wednesday that it had requested six months from the Singapore High Court to restructure its debt. This move will trigger a 30-day automatic moratorium. The hearing date for the court to decide whether to approve the moratorium has not yet been determined. The moratorium will provide Zettai with breathing space to restructure, which is the most effective way to resolve the cryptocurrency balances of users on the platform and facilitate user recovery.
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