Breaking: Singapore Court Greenlights WazirX User Repayment Hearing – Crypto Justice in Motion
Singapore’s judiciary just tossed WazirX users a lifeline—and it’s about time.
### The Ruling That Changes Everything
A Singapore court just approved a fresh hearing for WazirX users fighting for their frozen funds. No more waiting in regulatory purgatory.
### Why This Matters
Repayment hearings rarely favor crypto traders—ask anyone who’s tangled with centralized exchanges. But this? Could set a precedent.
### The Fine Print
No guarantees, of course. Courts move slower than Bitcoin during a bull run. But for once, the system’s blinking green.
### The Bottom Line
Another day, another exchange drama. At least this one might end with users getting paid—unless lawyers suck the wallets dry first.
The Singapore High Court has granted Indian cryptocurrency platform WazirX the opportunity to present further arguments in its ongoing restructuring case. After months of anticipation and silence, WazirX confirmed the extension of its court-granted moratorium via a post on X (formerly Twitter).
Singapore Court Allows WazirX to Present Its Case
Previously, the court had declined to approve WazirX’s restructuring plan, prompting the company to file for relocation to Panama and rebrand itself as Zensui Corporation. However, the tide may be turning. In a statement, WazirX announced:
“The Singapore Court has granted our request to present further arguments in our application for the Court’s sanction of the proposed Scheme of Arrangement. Additionally, the Court has extended the moratorium… from 6 June 2025 until the disposal of the aforesaid further arguments.”
This extension could give WazirX a final chance to solidify its restructuring plan and potentially begin resolving user repayments.
Will WazirX Users Finally Get Their Funds Back?
Since the $234 million hack in July 2024, thousands of users have waited in vain for clear communication or compensation. WazirX had earlier promised to return 85% of user balances, but that pledge has been mired in legal delays and unclear updates.
Update on Proposed Scheme of Arrangement
The Singapore Court has granted our request to present further arguments in our application for the Court's sanction of the proposed Scheme of Arrangement. Additionally, the Court has extended the moratorium granted in HC/OA 1284/2024… pic.twitter.com/QdozZHnWVX
Despite mounting pressure on social media, the company has largely remained silent, offering only generic reassurances like “we are doing our best.” In their latest tweet, WazirX stated:
“We are currently awaiting directions from the Court on the next steps and will keep you informed as soon as we have more clarity.”
This statement, while more official, still lacks concrete timelines—leaving users frustrated and in limbo.
- Also Read :
- WazirX Users May Won’t Get Full Lost Funds Back – Here’s Why!
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One Year Later: Still Waiting
As July 2025 approaches, it marks one year since the WazirX security breach—one of the largest crypto hacks of 2024. The extended silence and lack of action have left users questioning the company’s commitment to recovery.
The latest ruling by the Singapore High Court offers a RAY of hope—but only if WazirX takes swift and transparent steps forward.
Final Thoughts
WazirX’s restructuring and moratorium extension could be a turning point—but whether it leads to actual repayment for users or more delays remains to be seen. With mounting pressure and legal timelines closing in, WazirX must act fast to regain trust and credibility in the crypto community.
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FAQs
What has the Singapore Court recently ruled in WazirX Hack?Thehasto present further arguments regarding itsand hason legal action. This allows WazirX more time to propose how they will handle debts, including user repayments.
Will WazirX users get their funds back?WazirX previously promised to returnof user balances based on holdings at the time of the hack. However, actual repayments have, and users are awaiting a final court-approved resolution.
When can WazirX users expect the repayment to begin?As of now, there is. WazirX recently tweeted that they are “awaiting directions from the Court,” which means users must wait for theto know repayment schedules.
Can I still access or withdraw my funds from WazirX?Currently,for affected users. Only a few assets may be accessible depending on user accounts, and this could change after court rulings.
