WazirX to Resume Operations in 10 Days, Hack Victims to Receive Crypto and Recovery Tokens
Indian cryptocurrency exchange WazirX is set to reopen within the next 10 business days after submitting its court-approved restructuring plan to Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, 2025. This filing marks the final step in the exchange’s recovery following last year’s major security breach.
The move comes after the Singapore High Court sanctioned WazirX’s Scheme of Arrangement, which secured support from more than 95% of creditors, the company confirmed in a post on X.
“We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with ACRA on 15 October 2025,” WazirX said.
With the ACRA submission complete, the exchange enters the implementation phase, during which users impacted by the July 18, 2024 hack will receive crypto distributions and Recovery Tokens (RTs). These tokens, allocated on a pro-rata basis, provide users with a claim on the platform’s future revenues, any recovered funds, and potential profits.
Once India’s largest crypto exchange by trading volume, WazirX halted operations following a $240 million cyberattack that resulted in liquidity issues and near-bankruptcy. Its Singapore-based parent company, Zettai Pte. Ltd., has led a court-supervised recovery plan to restore value to affected users.
The stolen funds were reportedly laundered through Tornado Cash, complicating recovery efforts. Despite limited progress in reclaiming the full amount, WazirX’s relaunch aims to provide partial restitution to victims via crypto payouts and Recovery Tokens.
