WazirX Wins Crucial Court Extension for Crypto Exchange Restructuring

Indian crypto giant WazirX just bought itself breathing room—and a fighting chance.

The Bombay High Court granted the embattled exchange an extension to finalize its restructuring plan, sources confirm. This comes after months of regulatory pressure and user withdrawals that would’ve sunk lesser platforms.

Behind the lifeline:

Insiders say the court recognized WazirX’s ‘good faith efforts’ to comply with financial authorities—a rare win in India’s love-hate relationship with crypto. The extension gives the exchange until Q3 2025 to rework its operations.

Why it matters:

With competitors folding left and right, WazirX remains one of the last standing Indian exchanges. Their survival could determine whether retail investors get burned—or finally catch a break in this regulatory circus.

One thing’s certain: the lawyers are getting paid. As usual.

WazirX has received the green light from the Singapore Court to submit further arguments in favor of its proposed restructuring plan. The Court also extended the moratorium, originally set to end on June 6, 2025, providing the exchange with continued legal protection while proceedings continue. This development gives WazirX a crucial window to reinforce its case. The company now awaits further instructions from the Court and has assured its users of ongoing efforts to resolve the situation transparently.