WazirX Prepares to Restart in 10 Days Following Court Approval; Users to Get Crypto, Recovery Tokens

WazirX Set to Restart in 10 Days, Victims to Receive Crypto and Recovery Tokens

Indian crypto exchange WazirX is preparing to resume operations within 10 business days after filing its court-approved restructuring plan with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, 2025, completing the final step in its post-hack recovery.

The filing follows the Singapore High Court’s approval of the plan last week, which saw over 95% of creditors vote in favor, the exchange confirmed via X.

“We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with ACRA on 15 October 2025,” WazirX said.

With the submission complete, the exchange now enters the implementation phase, during which users affected by the July 18, 2024 hack will receive crypto distributions and newly issued Recovery Tokens (RTs). The RTs are designed to give eligible users a claim on the platform’s future revenue, any recovered funds, and potential profits, distributed on a pro-rata basis.

WazirX, formerly India’s largest crypto exchange by trading volume, halted operations following the $240 million cyberattack that triggered a liquidity crisis and near-bankruptcy. Its Singapore-based parent, Zettai Pte. Ltd., has since overseen a court-supervised recovery.

The stolen funds were allegedly laundered through Tornado Cash, limiting the prospects for full recovery. Despite these challenges, WazirX’s relaunch aims to restore partial value to users via the combination of crypto payouts and Recovery Tokens.