WazirX Secures Singapore Court Approval to Repay $235 Million Hack Victims, Recover Up to 80%

Jan 23, 2025, 10:55 AM

WazirX, an Indian cryptocurrency exchange, has received approval from a Singapore court to implement a recovery scheme for customers affected by a $235 million hack attributed to North Korea's Lazarus Group. The scheme is expected to allow users to recover up to 80% of their stolen funds. This development comes as part of ongoing efforts to address the fallout from the cyber incidents that have targeted various sectors worldwide, highlighting the challenges posed by state-backed hackers evading global accountability.