After more than a year of waiting and uncertainty, WazirX users finally have a clear update. On October 15, 2025, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) received the court-approved Scheme of Arrangement, making the restructuring plan official.
This now lets WazirX start sending funds and issuing Recovery Tokens to users affected by the July 18, 2024 hack.
Court approval paves the way
The ACRA filing comes after the Singapore High Court approved the scheme on October 13. While the court had already cleared the legal hurdles, the ACRA filing is crucial because it allows WazirX to move from planning to action.
WazirX CEO Nischal Shetty confirmed that the team is working to restart the platform within 10 business days from the scheme’s effective date, possibly even sooner. The exact date will be announced once preparations are complete.
The scheme, first drawn up on July 23, 2025, was slightly modified before the court approved it. The key change ensures that WazirX officers are protected from claims related to preparing or implementing the plan, except in cases of fraud, wilful misconduct, recklessness, or gross negligence. It gives the company legal clarity while keeping accountability for serious matters intact.
What users stand to recover
For WazirX’s 16 million users, mostly in India, the plan allows recovery of up to 55% of the $235 million lost in the hack. Singapore-based Zettai Pte Ltd will oversee the distribution process, with payouts expected in USDT within 10 business days of the scheme taking effect.
It’s a big step for users who have been waiting over a year with no clear way to get their money back. Now with the ACRA filing, things have finally started moving. Users can actually hope to see some progress on their claims.
Market response and what’s next
After the news, WazirX’s token WRX went up by almost 6%, priced at $0.07248. With current market cap at $27.67 million and 24-hour trading volume valuing at $60.11k, down by 11%, as per CoinMarketCap.
It shows that confidence is slowly coming back to the market. For users, this isn’t just about the price—it’s the first real sign that recovery is actually happening.
CEO Nischal Shetty said the platform should restart within 10 business days, maybe even sooner. The ACRA filing on October 15 is a turning point. After months of uncertainty, users finally have a way to get back part of their lost funds, and the exchange is moving closer to restarting operations and regaining trust.
Also Read: WazirX, Zettai, & the Fight for User Rights: Inside India’s Biggest Crypto Battle
