WazirX Plans 10-Day Relaunch, Impacted Users to Receive Crypto and New Recovery Tokens

WazirX Set to Relaunch Within 10 Days After ACRA Filing; Creditors and Victims to Receive Recovery Tokens

Indian cryptocurrency exchange WazirX is preparing to restart operations within the next 10 business days, following the formal filing of its court-approved restructuring plan with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15 — the final procedural step in its revival.

The move comes after the Singapore High Court sanctioned WazirX’s Scheme of Arrangement last week, which secured approval from more than 95% of creditors, according to an announcement on X (formerly Twitter).

“We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025,” WazirX said in its post.

With the ACRA filing complete, the exchange enters the implementation phase, during which users impacted by last year’s exploit will receive crypto distributions and newly issued Recovery Tokens (RTs).

The RTs will be distributed on a pro-rata basis to users who held assets before the July 18, 2024 hack, providing them with a claim on the platform’s future revenues, recovered funds, and profit share.

Once India’s largest crypto exchange by trading volume, WazirX halted operations following a $240 million cyberattack that triggered a liquidity crisis and pushed the company toward insolvency. Its Singapore-based parent, Zettai Pte. Ltd., later initiated court-supervised restructuring to chart a recovery path.

During the 2024 breach, hackers allegedly funneled the stolen funds through Tornado Cash, complicating recovery efforts. Despite limited asset tracing success, the newly approved plan aims to restore partial value to affected users through a combination of crypto payouts and Recovery Tokens.

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