WazirX has asked the Singapore High Court for six months to restructure its debt

Indian crypto trading platform WazirX announced on Wednesday that it has asked the Singapore High Court for six months to restructure its debts. The move will trigger an automatic 30-day suspension order. The hearing date for which the court will decide whether to grant the suspension order has not yet been set. The suspension order will give Zettai breathing room to restructure, which is the most efficient way to resolve users' cryptocurrency balances on the platform and facilitate user recovery.