Indian Crypto Exchange Wazirx is set to reopen within the next 10 business days after formally filing its court-approved scheme with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, marking the final step in its recovery process.
The filing follows the High Court of Singapore’s sanction of the Restructuring Plan last week, which saw more than 95% of creditors vote in favor, it said in an X post.
👋 Tribe!
We are pleased to share that the penal settlement procedure was duly filed with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025.
The end of the court proceedings and the filing of the order with the acra paves the way for… pic.twitter.com/j8cihwkxu6
– Wazirx: India Ka Bitcoin Exchange (@wazirxindia) October 16, 2025
With complete ACRA submission, the exchange enters the implementation phase, or a period where users will receive distributions and redemption of tokens (RT) under the scheme.
The restart comes a year after Wazirx was hacked with more than $240 million worth of various tokens, pushing the exchange into bankruptcy.
Wazirx was once India’s largest crypto exchange by volume, but operations ceased after a cyberattack and subsequent lack of liquidity in early 2024. The firm has since navigated a recovery under Singapore’s jurisdiction, where its parent company is struggling.
Users with assets on the exchange prior to July 18, 2024, Hack are eligible to receive RTS on a pro-average basis, based on their approved claims. These are supposed to give users a claim to a percentage of the platform’s future revenue, any recovered stolen funds, and future profits.
The hacker laundered all the stolen funds to different addresses using Tornado Cash to interrupt the transactions, as Coindesk reported in September 2024, hoping for a full recovery. Wazirx has since worked to recover the funds with limited success.
