Dear Tribe! 🙏
The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes.
Our primary focus remains to begin distributions as soon as possible. Towards this goal, we are currently evaluating all available legal options in consultation with our legal and advisory teams, and are considering an appeal against the decision of the Singapore High Court.
Today’s decision does not impact the NLPA assets, which remain safe.
WazirX has faced challenges before, and each time, we’ve come back stronger. More updates will follow in due course.
We thank you for your continued support and are committed to being fully transparent 🙏
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
