PANews reported on June 4 that according to Cointelegraph, WazirX, a cryptocurrency exchange that mainly serves the Indian market, announced that it would move its operating entity from Singapore to Panama, and its parent company Zettai would be renamed Zensui Corporation. The relocation was due to the Singapore court's failure to approve its restructuring plan, and the local central bank required crypto service providers to stop providing digital token services to overseas markets by June 30. Documents show that WazirX registered a new entity, Zensui, in Panama on March 10, and the business transfer agreement is ready, and it is expected to complete the service migration within 2-3 working days after execution. The platform has made it clear that it will not apply for a Singapore operating license, nor does it plan to register with the Indian Financial Intelligence Department.

WazirX will issue recovery tokens to compensate victims of the $235 million hack in 2023. The plan was approved by more than 90% of creditors, promising to repay 75%-80% of the remaining stolen funds in installments through platform profits and recovered assets.