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The Singapore High Court rejected WazirX’s restructuring and moratorium extension, prompting the decision to relocate
WazirX has relocated its operations from Singapore to Panama and rebranded its parent company as Zensui
Zettai, the parent firm of WazirX, established a subsidiary called Zensui Corporation in Panama and is transferring all cryptocurrency‑related services to this new entity
WazirX has stated it does not plan to seek licensing in Singapore or register with India’s Financial Intelligence Unit despite continuing to serve Indian users
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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WazirX rebrands and moves operations to Panama

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