The application provides for a period of deferral of debts for the restructuring of liabilities. The recent decline may be related to this. Cryptocurrency investors After the decline, people thought that this was big news that was priced in. Today, multiple developments can be cited as the reason for the decline.
WazirX Exchange Latest Status
OpenSea today SECWells received the notification from . Now yesterday WazirXIt has emerged that the company behind has filed for bankruptcy court. The Singaporean holding company Zettai Pte Ltd has applied to the High Court of Singapore for debt relief under Section 64 of the Insolvency, Restructuring and Liquidation Act. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
If the company, which wants to restructure its customers’ liabilities after the $230 million attack in July, can get approval, it will start the 30-day process. During this total period, debts and liabilities will be postponed and the court has the right to change the period.
Noting the ongoing dispute with Binance over privacy obligations, Zettai Director Nischal Shetty is working on a fast and effective solution. The exchange is said to need 4-6 months to restart crypto withdrawals and details about the restructuring plan in the near future will emerge.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
