Singapore Court Approves WazirX Restructuring Plan
On October 13, 2025, the Singapore High Court approved WazirX’s restructuring plan. This allows users to recover up to 55% of the $235 million (₹2,000 crore) lost in the July 18, 2024 hack. The decision comes after more than a year of waiting for WazirX’s 16 million users, mostly in India.
The initial plan was rejected, but a revote gained support from over 95% of creditors. Singapore-based Zettai Pte Ltd will manage the recovery. Payouts in USDT are expected within 10 business days.
CEO Nischal Shetty Thanks Users
WazirX CEO Nischal Shetty thanked the community for their support and patience. He said the court’s approval was possible because of users’ trust. Shetty added that the team will now focus on rebuilding trust and creating value.
He wrote on X: “Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme. It’s your support and love that has made this possible. Now we set out on the next phase to work hard and create value for everyone. We’re here because of YOU.”
WRX Token Price Rises After Announcement
Following the court’s approval, WazirX’s native token WRX rose nearly 21% in one day. It traded at $0.05513 with a market cap of $21.05 million. The unlocked market cap stood at $54.03 million.
The 24-hour trading volume increased by 26.22% to $83,360.
Source: CoinMarketCap
Withdrawals Expected Soon
WazirX previously said withdrawals would start 10 days after court approval. However, no exact date has been announced yet. The ruling marks a key step toward ending the long-delayed recovery process.
WazirX must now execute payouts while complying with regulators. This will allow users to reclaim part of their funds and help restore confidence in the platform.
