WazirX Seeks 6-Month Restructuring Period in Singapore Court Amid CoinSwitch Legal Threat

WazirX, the Indian crypto exchange, has asked the Singapore High Court for a six-month extension to restructure its liabilities as it faces legal action from rival CoinSwitch over a $9.6 million deposit issue. CoinSwitch has expressed its intent to sue WazirX for holding the funds, adding to the exchange’s regulatory and operational challenges. The move comes as the crypto exchange landscape continues to grapple with tightening regulations and increased scrutiny. How do you think this legal battle will impact the future of WazirX and the broader crypto industry? Share your thoughts in the comments below.