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WazirX

Singapore court approves WazirX restructuring plan; platform to restart in 10 days

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Key Takeaways Singapore court has approved WazirX’s restructuring plan after the cryptocurrency exchange suffered a $235 million hack. The court’s sanction allows WazirX to implement a structured asset distribution to users affected by the incident. Share this article A Singapore court approved WazirX’s restructuring plan today, allowing the Indian cryptocurrency exchange to proceed with asset … Read more

WazirX obtains Singapore court approval for restructuring scheme

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Embattled Indian crypto exchange WazirX has secured court approval for its long-awaited restructuring plan.  Summary WazirX announced that the Singapore High Court has approved its restructuring plan, reversing an earlier rejection in September 2025. The CEO exchange is expected to move forward with repayments and recovery measures. WazirX lost about $230 million in a July … Read more

WazirX restructuring plan gets 95.7% votes, awaits court approval

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WazirX, one of the largest crypto exchanges in India, has gained a majority vote of more than 95% for its latest restructuring proposal. It is now awaiting court approval. Summary WazirX’s latest restructuring plan received a 95.7% creditor vote, cleared by a Singapore court approval or refusal. The Indian exchange has been wrapped up in … Read more

Delhi High Court Tells WazirX To Hand Over Binance Deal

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The Delhi High Court has ordered Zettai Pte Ltd, the company behind crypto exchange WazirX, to hand over documents detailing its agreement with Binance, as well as its ongoing restructuring plan. The court gave a deadline of one week. This comes after months of fallout from a $235 million hack and a growing number of … Read more

Post WazirX Hack Crypto Faces An Image Problem In India, Admits CoinDCX CEO Sumit Gupta

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The WazirX hack, which saw the infamous North Korean Lazarus Group steal $235 million from the crypto exchange, notably affected the sentiments of the Indian crypto investors. Post the hack, users migrated to more trusted platforms. In an interview published on 5 May 2025, Sumit Gupta, the CEO of CoinDCX, a crypto exchange based in … Read more

WazirX eyes May relaunch as restructuring plan awaits final court approval

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WazirX could restart operations next month, as the hacked trading platform awaits a crucial court decision in Singapore that could clear the way for its post-hack recovery plan and user compensation scheme. After nearly nine months of inactivity, WazirX could finally resume services if Singapore’s High Court approves its restructuring plan, the company said in … Read more

Lack Of Crypto Framework In India Keeps WazirX Hack Victims From Justice

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The Indian Supreme Court dismissed a petition filed by 54 affected users of the 2024 WazirX hack on 16 April 2025. The victims, who lost their funds in the major ₹2,000 crore ($234 million) cyberattack, were hoping for urgent relief in the matter. However, the apex judicial body cited the absence of a clear regulatory … Read more

More than 90% of creditors back proposed restructuring, WazirX says

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Over 90% of WazirX creditors have voted in favor of proposed restructuring plan, clearing a key hurdle ahead of court review in Singapore. Creditors had nearly 10 days to cast their votes on Zettai’s restructuring plan — and by the end of it, overwhelming support poured in from WazirX users holding close to $196 million … Read more

WazirX must pay back 80% of stolen funds, court orders

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Singapore High Court has accepted WazirX’s reorganization plan, which will allow the exchang to repay 75% to 80% of the stolen customer monies. Despite the court’s decision, many victims remain suspicious! A Singapore High Court has approved a payment restructuring plan for the victims affected by the WazirX crypto scam. The restructuring plan was approved on Jan. 23, 2025, under the Company’s Act. 1967, which regulates and sets guidelines on the operation of companies in India. The Singapore High Court also ruled that … Read more

India’s CoinDCX CEO Is Hoping For Relaxation On Crypto Taxation In Budget 2025. And Can CoinDCX Acquire WazirX?

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“I hope crypto finds some mention in this Budget, and some relaxation is granted on crypto taxation,” said Sumit Gupta, CEO and co-founder of CoinDCX, one of India’s leading cryptocurrency exchanges, while talking to local media.  Gupta highlighted that India must not shy away from regulating cryptocurrencies but instead take a leadership role in shaping … Read more

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