ChainCatcher reports that WazirX, the Indian crypto exchange previously targeted by hackers, has filed for a stay order in the Singapore High Court. The company cited the need for breathing room to finalize restructuring and compensation solutions, and to negotiate with potential investors during the stay period.

WazirX's stay order application seeks the following relief measures:

• An order prohibiting any resolution concerning liquidation.
• An order preventing the initiation or continuation of any legal proceedings against WazirX without court permission and adherence to court-mandated terms.
• An order preventing any execution, attachment, or other legal process against WazirX's assets without court permission and adherence to court-specified conditions.

These relief measures are essentially protective, enabling WazirX to focus on finding solutions for platform users.