Indian crypto exchange WazirX charts recovery path after $235M cyberattack
WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack. Go to Source
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WazirX slams external forces for delaying restructuring efforts
This restructuring plan is expected to provide greater clarity on the steps WazirX will take to stabilize its operations and protect its users’ interests. Go to Source
FTX Reaches Settlement With IRS on $24 Billion Tax Claim
Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying … Read more
Disney reportedly scraps its metaverse division
The metaverse division was initially created to work on new ways of engaging Disney’s audience. Go to Source Powered by WPeMatico
SEC snubbed as Voyager wins court approval for sale to Binance US
The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. Go to Source Powered by WPeMatico