WazirX News: Court Date For Recovery Plan Set in May, With Payouts After 10 Days

WazirX News: Court Date For Recovery Plan Set in May, With Payouts After 10 Days

The exchange has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan.

WazirX Eyes Relaunch Amidst $234M Hack Fallout and Upcoming Singapore Court Decision

On July 18, 2024, WazirX suffered a major cyberattack, resulting in the loss of approximately $234.9 million in users' funds. Following the hack, the platform ceased operations, leaving thousands of users in limbo. In a bid to recover, WazirX's parent company, Zettai Pte. Ltd., proposed a Scheme of Arrangement to repay users and restructure the business. The vote on this proposal took place in March 2025, showing overwhelming support from the cl…

WazirX Recovery Plan Moves Ahead: Court Hearing On May 13, Payouts Expected Soon

Indian cryptocurrency exchange WazirX is poised for a significant milestone as it prepares for a crucial court hearing on May 13, 2025, in Singapore. The hearing will determine the approval of the exchange’s restructuring and user compensation plan following a devastating $234.9 million hack in July 2024, attributed to North Korea’s Lazarus Group. Background and […]

WazirX Eyes Relaunch In 10 Days After Court Decision - FinanceFeeds

Indian crypto exchange WazirX is preparing to restart its trading platform, pending a final decision from Singapore’s High Court on its restructuring and customer payout plan. WazirX said its parent company, Singapore-based Zettai, completed all necessary steps ahead of a sanction hearing that will determine whether the platform can move forward with reopening. The exchange suffered a $230 million hack in July 2024 after attackers breached its m…

WazirX Gears Up for Key Court Date With Creditor Payouts Expected Just Days After Ruling

The post WazirX Gears Up for Key Court Date With Creditor Payouts Expected Just Days After Ruling appeared first on Coinworldstory. WazirX is preparing to resume operations and initiate creditor payouts following a critical hearing set for May 13 in Singapore. The hearing will determine whether the exchange’s proposed recovery and restructuring plan will receive court approval. The Singapore-based Zettai parent company of WazirX finalized all ne…

WazirX Restructuring Nears Final Hurdle with May 13 Court Hearing Date

WazirX awaits May 13 court ruling to restart services after $234M hack.   93% of creditors approved WazirX’s restructuring and compensation plan.   Platform reactivation expected within 10 days if Singapore court approves. Indian cryptocurrency exchange WazirX is on course to restart operations as it awaits a final decision from Singapore’s High Court on May 13. The ruling will determine whether the exchange’s proposed restructuring and user com…