Crypto Exchange WazirX’s Restructuring Plan Approved By Singapore High Court
The Singapore High Court has reportedly approved crypto exchange WazirX‘s debt restructuring scheme on October 13, 2025. The announcement has come after the Indian digital currency exchange had been hacked in July of 2024. This court approval in Singapore enables the crypto platform to proceed with its plan to pay back affected users. The platform is set to begin operations in the next 10 days (accurate at the time of writing).
However, the estimates for when the payouts will actually commence vary significantly. The approval has been made after a creditors’ vote that was made in favor of the proposed plan and appears to be step toward finally recovering funds lost in the Wazirx hack and damaging security breach.
Some of the key…
