WazirX Secures Court Approval for Debt Restructuring Plan
Singapore's High Court has sanctioned WazirX's modified debt restructuring scheme, marking a pivotal moment for the embattled crypto exchange. The platform, operated by Zettai Pte Ltd., will resume operations within 10 business days after regulatory filings are completed.
The approval follows overwhelming creditor support, with 95.7% of voting parties backing the amended plan in an August 2025 revote. This development comes over a year after a devastating $234 million hack forced the exchange to halt operations.
WazirX's revival signals potential stability for India's crypto market, where the exchange once dominated. The court's decision underscores the growing legal recognition of cryptocurrency businesses in key jurisdictions like Singapore.
