The Singapore court approved WazirX to receive a four-month conditional moratorium on repayments

ChainCatcher news, according to a report by CoinDesk citing sources, a court in Singapore has approved a four-month stay of payment for the Indian cryptocurrency exchange WazirX under certain conditions.

The conditions imposed on WazirX include disclosing its wallet addresses through a court affidavit, responding to user inquiries, revealing its books within six weeks, and ensuring that any future voting takes place on an independent platform.

WazirX lost $234 million in a hack in July, accounting for about 45% of customer funds, and the company had previously submitted a six-month stay application to the Singapore High Court.