WazirX, the crypto exchange that suffered a significant $234.9 million hack last year, is preparing to resume operations and initiate creditor payments following a crucial Singapore court hearing scheduled for May 13. The exchange's parent company, Zettai, has completed preparations for this hearing, where the court will evaluate WazirX’s restructuring and user compensation plan. A destructive North Korean attack last year led to a loss of approximately 45% of user assets, prompting the need for a restructuring plan, which has garnered support from 93.1% of creditors. This plan involves the issuance of tradable Recovery Tokens and plans to establish a decentralized exchange. Following the court's approval of the restructuring plan, the first distribution of payments and the restart of services are expected to occur within 10 business days. WazirX aims to ensure a smooth transition back to operational status, stating their commitment to keeping the community informed throughout the process.

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