WazirX Advances Recovery Plan with Zanmai as New Operator

WazirX creditors will vote on an amended Scheme of Arrangement from July 30 to August 6, 2025, marking a critical step toward resolving the fallout from the exchange's July 2024 hack. The Singapore High Court approved the revote, extending the moratorium until September 16, 2025.

Zanmai, an FIU-registered entity, replaces Zettai Pte Ltd. as the operator responsible for token distribution. The new operator will facilitate token access within 10 business days of the scheme's effective date. Creditor entitlements remain unchanged, reflecting balances on their Rebalanced Net Liquidation Portfolio Accounts.

The outcome of the vote will determine whether WazirX can proceed with its revised recovery plan and begin repayments to affected users. The exchange's relaunch hinges on creditor approval of the amended terms.