US EditionWazirX News: Singapore Clears Plan for Restart, Bringing Respite to Victims of $230M Hack
Singapore High Court approved WazirX’s restructuring plan with 95.7% creditor support, enabling repayment of $234 million hack losses through recovery tokens to over 150,000 users.
- On October 13, 2025, the Singapore High Court approved WazirX's debt restructuring plan, allowing the exchange to restart operations and begin repaying creditors.
- The July 2024 breach forced WazirX, Indian cryptocurrency exchange, to halt withdrawals after losing $234 million in a Safe Multisig wallet attack linked to the Lazarus Group, North Korean hacking group.
- After revising its plan, WazirX secured 95.7% support in the August 2025 re-vote, representing 94.6% by value and about $206.9m in validated claims from more than 149,000 account holders.
- The court's ruling allows users to recover up to 55% of the $235 million lost and enables repayments to over 150,000 affected users via recovery tokens.
- Once the scheme becomes effective, WazirX will restart operations and begin token distributions within 10 business days, but industry experts caution payouts could take two to three months as Zettai Pte Ltd files orders with Singapore's ACRA.
26 Articles
26 Articles
After $234M Hack, WazirX Gets Court Approval For Major Rebuild - Coin Surges
Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the $234 million hack that hit the platform in July 2024. Creditor Vote And Numbers Based on reports from the co…
DailyTruthReport
NewsBTCAfter $234M Hack, WazirX Gets Court Approval For Major Rebuild
Singapore’s High Court has given the green light to a restructuring plan for crypto exchange WazirX, clearing a major obstacle in the company’s effort to repay users after last year’s large theft. According to reports, the court’s approval on October 13 allows the exchange to move ahead with a court-supervised recovery process tied to the...
The Singapore High Court gave the green light to WazirX’s restructuring plan, paving the way for its reopening after the biggest hack in Indian history. *** The Singapore High Court approved the restructuring scheme of Zettai Pte. Ltd. WazirX plans to resume operations within 10 business days. The firm will partner with BitGo and launch recovery tokens for affected users. WazirX resumes operations after approval of the restructuring plan in Sing…
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