WazirX review: Exchange receives Singapore court approval to restart, repay users
Singapore High Court has sanctioned WazirX’s restructuring Scheme of Arrangement. After the order is filed with ACRA, the scheme becomes legally binding and triggers the restart timeline. The plan provides token-based repayments after the $234 million July 2024 hack.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
WazirX has taken a major step toward reopening after last year’s cyberattack. On October 13, 2025, the Singapore High Court approved the Scheme of Arrangement proposed by Zettai, the Singapore-incorporated operator of the exchange. The court-supervised framework allows WazirX to resume trading and settle creditor claims, ending months of uncertainty for users.
What happens next
Zettai will lodge the court order with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). When the filing becomes effective, the scheme binds all creditors. WazirX says it plans to relaunch the platform within roughly 10 working days, reopen trading, and distribute recovery tokens to eligible users. The exchange will then start repayments through the claims process described in the scheme.WazirX suspended operations after hackers stole about $230–234 million in July 2024, destroying nearly half of its assets and freezing customer balances. U.S. authorities later linked the incident to North Korea’s Lazarus Group, a state-aligned hacking network that has repeatedly targeted crypto venues.
How payouts will work
Under the sanctioned plan, WazirX will mint recovery tokens and verify claims to match each user with their approved entitlement. Distributions start only once the scheme takes legal effect and trading resumes. The exchange says it will publish detailed token ratios, schedules, and step-by-step instructions through official channels before the first payouts.We also reported that WazirX withdrawal concerns amid user scrutiny.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
