After more than a year of waiting, WazirX users finally got some relief. On October 13, 2025, the Singapore High Court approved the exchange’s restructuring plan. This means users can now recover up to 55% of the $235 million (₹2,000 crore) lost in the July 18, 2024, hack.
The path to this decision was long and complicated. WazirX’s first plan was rejected, but a revote got support from over 95% of creditors. The recovery will be handled by Singapore-based Zettai Pte Ltd, and payouts in USDT are expected within 10 business days. This is an important step for WazirX’s 16 million users, most of whom are in India, who have been waiting more than a year for some resolution.
CEO Nischal Shetty thanks users
WazirX CEO Nischal Shetty posted on X to thank the community. He said the court’s approval was possible because of users’ support and patience and emphasized that the team is now moving to the next phase, focusing on rebuilding trust and creating value.
“Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme. Its 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,” Shetty wrote.
WRX token jumps
Following the announcement, WazirX’s native token WRX rose almost 21% in a day. It traded at $0.05513, with a market cap of $21.05 million and an unlocked market cap of $54.03 million.
Its 24-hour trading volume over 24 hours also jumped 26.22% to $83.36K.
Withdrawals yet to begin
According to WazirX’s earlier updates, withdrawals were expected to start 10 days after the court approval, but no date has been announced yet. Still, the ruling indicates that the long-delayed recovery process is finally moving toward an end after more than 1.3 years of uncertainty.
WazirX now faces the task of executing payouts while staying in line with regulators, giving users a chance to reclaim part of their funds, and restoring confidence in the platform.
Also Read: Is a Key Signature Still Holding Back WazirX’s Recovery Plan?
