Indian cryptocurrency exchange WazirX plans to restart within the next 10 business days after formally filing a court-approved restructuring plan with the Accounting and Corporate Regulatory Authority of Singapore (ACRA) on October 15, which will be the final stage of the restructuring process.
The application comes after the Singapore High Court last week approved the restructuring plan with more than 95% of creditors voting in favor, XPost said.
👋Tribe!
We are pleased to share that the approved scheme of arrangement has been formally lodged with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025.
The conclusion of the court proceedings and the filing of the order with ACRA paves the way for… pic.twitter.com/j8ciHwKXu6
— WazirX: India Bitcoin Exchange (@WazirXIndia) October 16, 2025
Once the ACRA submission is complete, the exchange will enter the implementation phase, a period during which users will receive distribution and recovery tokens (RTs) under the scheme.
The relaunch comes more than a year after WazirX was hacked with over $240 million worth of various tokens, pushing the exchange into bankruptcy.
WazirX was once India’s largest cryptocurrency exchange by trading volume, but operations were suspended in early 2024 due to a cyberattack and resulting liquidity shortage. The company has since recovered under the jurisdiction of Singapore, where its parent company is based.
Users who had assets on the exchange prior to the July 18, 2024 hack will be eligible to receive RT on a pro-rata basis based on approved claims. These aim to charge users a share of the platform’s future revenues, recovered stolen funds, and future profits.
As CoinDesk reported in September 2024, hackers used Tornado Cash to hide transactions and launder all stolen funds into various addresses, dampening hopes of a full recovery. WazirX has since tried to recover its funds, but with limited success.