WazirX is now open to litigation in India following the expiration of its conditional moratorium on June 6
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Right now, no one knows if Zensui will still be dragged into legal trouble in Singapore, or what this sudden rebrand means for users who are still waiting to get their money back or even basic updates.
The crypto exchange had secured a four-month conditional moratorium from the Singapore High Court, which essentially protected the company from litigation in different regions. The moratorium ends on 6 June. Now that the court has rejected the exchange’s application, it opens the door for Indian WazirX users to file litigation in India to seek unhacked locked funds from the exchange. According to Sonu, WazirX users may have to wait years to get their funds back.
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