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EdaFace Newsfeed > Latest News > Crypto News > WazirX Rebrands as Zensui After Moving from Singapore to Panama
Crypto News

WazirX Rebrands as Zensui After Moving from Singapore to Panama

vitalclick
Last updated: June 4, 2025 9:49 am
3 weeks ago
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Contents
WazirX Rebranded to ZensuiWhy the Move to Panama?WazirX dealing with a $230M Hack

The popular Indian cryptocurrency exchange WazirX has surprised everyone by rebranding its company name to Zensui and moving its operations from Singapore to Panama. 

Many people are wondering what this means and how it will affect everyone using their platform.

WazirX Rebranded to Zensui

WazirX, once a leading crypto platform in India, is moving its base from Singapore to Panama. This decision came after Singapore introduced stricter rules for crypto companies, making it harder for them to operate.

Singapore now wants tighter control over how crypto exchanges work. To avoid these heavy rules, WazirX chose to shift to a place with more relaxed regulations.

Along with the move, WazirX is also changing its name to Zensui. With this change, they hope to get more freedom and grow their business smoothly in Panama.

Why the Move to Panama?

Panama is known for its friendly approach to crypto. Unlike Singapore, which is asking for stricter rules and more control, Panama offers a more flexible environment for crypto companies. 

WazirX, now Zensui, thinks this will help them bring better services to their users without always worrying about new rules.

WazirX dealing with a $230M Hack

This move also comes at a time when WazirX is still dealing with the massive hack that led to a loss of $230 million in user funds. After this hack, the company’s parent firm, Zettai Pte Ltd, which is based in Singapore, has filed for a moratorium and is now working on a court-approved plan under Singaporean law to repay its users.

Until now, no final decision has been made, the Court said the company has until June 6 to sort things out. 

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EdaFace Newsfeed > Latest News > Crypto News > WazirX Rebrands as Zensui After Moving from Singapore to Panama
Crypto News

WazirX Rebrands as Zensui After Moving from Singapore to Panama

vitalclick
Last updated: June 4, 2025 9:49 am
3 weeks ago
Share
SHARE

Contents
WazirX Rebranded to ZensuiWhy the Move to Panama?WazirX dealing with a $230M Hack

The popular Indian cryptocurrency exchange WazirX has surprised everyone by rebranding its company name to Zensui and moving its operations from Singapore to Panama. 

Many people are wondering what this means and how it will affect everyone using their platform.

WazirX Rebranded to Zensui

WazirX, once a leading crypto platform in India, is moving its base from Singapore to Panama. This decision came after Singapore introduced stricter rules for crypto companies, making it harder for them to operate.

Singapore now wants tighter control over how crypto exchanges work. To avoid these heavy rules, WazirX chose to shift to a place with more relaxed regulations.

Along with the move, WazirX is also changing its name to Zensui. With this change, they hope to get more freedom and grow their business smoothly in Panama.

Why the Move to Panama?

Panama is known for its friendly approach to crypto. Unlike Singapore, which is asking for stricter rules and more control, Panama offers a more flexible environment for crypto companies. 

WazirX, now Zensui, thinks this will help them bring better services to their users without always worrying about new rules.

WazirX dealing with a $230M Hack

This move also comes at a time when WazirX is still dealing with the massive hack that led to a loss of $230 million in user funds. After this hack, the company’s parent firm, Zettai Pte Ltd, which is based in Singapore, has filed for a moratorium and is now working on a court-approved plan under Singaporean law to repay its users.

Until now, no final decision has been made, the Court said the company has until June 6 to sort things out. 

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TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article XRP Coin Investors This News For You! Polymarket burned the flare with “93 percent”
Next Article Which Crypto Will Hit $10 First? Stellar (XLM), VeChain (VET), Pi Network (PI) or Remittix (RTX)
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

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