WazirX Restructuring Plan Secures 95.7% Approval - Court Nod Pending
WazirX's restructuring blueprint just cleared its biggest hurdle with shareholders.
The Vote: Overwhelming Support
Nearly 96% of votes backed the move—almost unheard of consensus in the crypto world where everyone's usually too busy chasing the next pump.
What's Next: Judicial Green Light
Now it's up to the courts to rubber-stamp what investors clearly want. Because nothing says 'decentralized' like needing a judge's permission to restructure.
Final Take: When 95.7% of crypto investors agree on something, it's either revolutionary or everyone's just tired of losing money on meme coins.
Court hearings for WazirX in India and Singapore
Aside from the ongoing proceedings of its restructuring proposal in Singapore, WazirX came under scrutiny in India over its ties to Binance.
Binance had once claimed ownership of WazirX but later denied controlling it, creating a dispute that complicated creditor claims. On August 5, 2025, the Delhi High Court ordered WazirX’s operator to submit the original Binance acquisition agreement and details of the Singapore proceedings.
The court also called upon regulators like the RBI and SEBI to clarify their oversight role, while creditors pushed for the formation of a Special Investigation Team to probe the hack. The next major hearing is set for August 26, 2025, which is expected to decide the way forward on both the restructuring outcome and the broader accountability of the exchange.
