Ah, the illustrious Singaporean judiciary, where one might earn a bit of wisdom amidst the legal wrangling! A rather noble court has graced WazirX with the gift of a do-over, like giving it a second slice of cake after it has sucked the first one dry. 🍰
The Court’s Cherubic Nod: A Revote for WazirX!
In a quaint post upon the digital tapestry known as X, our gallant Indian exchange WazirX has regaled us with tales from the hearing held on the 16th of July. Lo and behold! The sage judges have cast aside their previous dismay, permitting a splendid revote that could lead to the reopening of the crypto treasure chest! 💰
It befits a tragedy of epic proportions: a year ago, WazirX fell victim to the nefarious art of hacking, losing a princely sum of $234 million in user funds, much like a careless gardener spilling his seeds across a barren field. How the mighty have stumbled when they lost nearly half of their bountiful riches of $500 million! 🌪️
As if scripted by luck itself, these malicious acts were later attributed to that delightful crew dubbed the Lazarus Group from the mysterious realms of North Korea. When the wicked breach was unveiled, the exchange locked its gates, suspending all deposits and withdrawals, echoing like a sad melody that haunts the halls of the exchange. 🎭
But despair not, for WazirX, with the audacity akin to a farcical hero, plotted a grand restructure under the watchful eye of Zettai PTE LTD. Yet, alas! During an earlier, fateful meeting with the court on June 4th, the grand proposal was cast away like a jester’s cap, invalidated by the mighty concerns over the sacred laws of Singapore’s Financial Services and Markets Act (FSMA) and the wily whispers of the Panama-based Zensui! 🃏
However, after a crafty revision, the beleaguered company made its return to court, and lo! The verdict was as bright as a sunny day: the new plan was met with approval, granting permission for a swift revote amongst creditors! 🌞
Our astute captain of WazirX, Nischal Shetty, who had been as silent as a tomb, found his voice on X once more. “Instead of the weary Zettai, lo and behold, it will be Zanmai, our gallant savior of fund distribution, leading the charge if the scheme is granted favor by our gracious court,” he declared with solemn glee. 🦸♂️
Indeed, Zanmai Labs, the Indian maestro managing the local currency, now dances in the limelight while Zettai takes the flak. Quite the theatrical turn of events! 🎭
Soon, the casting of votes shall be revealed, and Shetty tantalizes us with the prospect that if the grand plan is blessed by a worthy majority and sanctioned by the court, the WazirX curtains shall rise once more! 🎉
Our hearts beat in anticipation; will the beleaguered users, who await their crypto fortunes like starving children in a moonlit tavern, finally clutch their precious coins once again? Time shall unveil the tale! 🕰️
Bitcoin’s Glittering Fortune
At the time of this writing, Bitcoin pirouettes around $119,300, having danced upwards a delightful 8% in the past week! 💃🥳
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2025-07-17 14:14