WazirX restructuring plan rejected by Singapore court

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