India's WazirX exchange expected to restart in May, awaiting approval from Singapore court

According to Cointelegraph, reports that the Indian cryptocurrency exchange is awaiting a hearing at the Singapore High Court on May 13th to obtain permission to restart the platform and begin a compensation plan for users. The exchange was hacked by North Korean hackers last July, losing $234 million in crypto assets, which led to the suspension of all withdrawals. Over 90% of creditors have voted in support of its restructuring plan, which includes issuing recovery tokens and aims to return 75%-80% of users' account balances. If approved, will resume operations within 10 working days. Meanwhile, the Supreme Court has rejected the lawsuit requests of 54 victims, stating that crypto policy issues are not within its jurisdiction.