WRX Token Price Plunges 39% as WazirX Shifts to Panama

WazirX to Relocate to Panama After Singapore Rejects Restructuring Plan - CryptoShrypto

WazirX, a cryptocurrency exchange serving Indian users but based in Singapore, is moving its operations to Panama after a Singapore court refused to approve the company’s restructuring plan. The decision was confirmed in a recent email sent to WazirX users, which included redacted legal documents outlining the transition. According to the documents, WazirX’s parent company, Zettai, has established a new Panamanian subsidiary named Zensui Corpora…

WazirX Shifts Base to Panama After Court Ruling

Singapore-based WazirX is shifting its base to Panama after local courts ruled against its restructuring plan. The crypto exchange announced the court’s decision via a post on X on 4 June 2025. In an email shared with its user base, WazirX detailed recently redacted documents revealing Zettai, WazirX’s parent company, will move to Panama and rebrand itself in the region. The document read, “Zettai has taken steps to incorporate a subsidiary, Zen…

WRX Token Price Plunges 39% as WazirX Shifts to Panama

After suffering a $235M hack nearly a year ago, the WRX token price is at its worst performance since its launch. The popular Indian-focused crypto exchange WazirX became the victim of North Korea’s Lazarus Group and is now facing certain setbacks as the Singapore court rejected its restructuring plan. Amid this, they have quietly shifted The post WRX Token Price Plunges 39% as WazirX Shifts to Panama appeared first on CoinGape.