Zettai failed to disclose its rebranding and relocation in time to the Singapore court, which drew criticism from stakeholders and petitioners

Quotes that support claims

According to Sonu Jain, one of the petitioners in the case representing WazirX users, the court’s dismissal of the exchange’s moratorium application highlighted the lack of transparency from the exchange’s side. The exchange’s parent firm had not revealed to the court or to its users about its move to Panama and rebranding to Zensui.