Zensui will manage the issuance of WazirX recovery tokens designed to compensate users affected by the platform’s $235 million hack

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The Singapore High Court has rejected the moratorium application filed by Zettai, the parent company of crypto exchange WazirX, which sought to restructure the firm and redistribute funds to users affected by last year’s $234 million hack. Zettai also revealed to the court that in March it had opened a new firm in Panama and rebranded as Zensui.

Zensui will also be responsible for issuing WazirX recovery tokens, which are tied to the company’s post-hack compensation scheme.