WazirX to Resume Operations Within 10 Days; Hack Victims to Receive Crypto and Recovery Tokens
Indian crypto exchange WazirX is set to reopen within 10 business days after filing its court-approved restructuring plan with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, 2025, marking the final step in the platform’s recovery process.
The filing follows the Singapore High Court’s sanction of the plan last week, which saw over 95% of creditors vote in favor, the exchange 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 stated.
With the submission complete, WazirX enters the implementation phase, during which users will begin receiving crypto distributions and Recovery Tokens (RTs). The RTs will be allocated on a pro-rata basis to users who held assets before the July 18, 2024 hack, granting a claim on the platform’s future revenue, any recovered funds, and potential profits.
The relaunch comes more than a year after WazirX suffered a $240 million cyberattack, which forced the exchange to halt operations and declare bankruptcy. Once India’s largest exchange by trading volume, WazirX has been navigating a court-supervised recovery under its Singapore-based parent company.
The stolen funds were reportedly laundered through Tornado Cash, limiting recovery efforts. Despite these challenges, WazirX’s restructuring aims to partially restore value to affected users through the combination of crypto payouts and Recovery Tokens.
