Panama | Crypto

Crypto exchange WazirX suffered a major legal blow after the Singapore High Court rejected its restructuring proposal to relaunch operations following a $230 million hack in July 2024. On June 4, WazirX announced that its request for court approval had been denied, saying: “The Honourable Singapore High Court issued an order declining to approve our […] The post WazirX relocates to Panama after Singapore court blocks restructuring efforts appeared first on CryptoSlate.

Singapore Court dismisses WazirX’s restructuring plan after parent company secretly relocates to Panama. The post Singapore Court Rejects WazirX Restructuring as Exchange Sets Up New Entity in Panama appeared first on Cryptonews.

India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui. India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan. In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand. “Zettai has taken steps to incorporate a subsidiary, Zensui Corporation […] in the Republic of Panama, and has been preparing for the transfer of the operations of the Platform’s cryptocurrency-related services to Zensui,“ the document said. Read more