Singapore court approves WazirX restructuring plan

The High Court of Singapore has approved a restructuring plan for the cryptocurrency exchange WazirX, which was the victim of a major hack last year, Cointelegraph reported. The approval allows the exchange to begin its rehabilitation process, which includes compensating victims and resuming operations. WazirX suffered losses of $230 million in July of last year following an attack attributed to the North Korean hacking group Lazarus.