- The Singapore High Court sanctioned WazirX’s restructuring plan under Zettai Pte Ltd.
- Once the ruling is filed with ACRA, WazirX will relaunch within 10 business days.
- The decision marks a major step in rebuilding user trust and has been welcomed by the crypto community.
WazirX, once known as one of Asia’s leading cryptocurrency exchanges, has announced a significant breakthrough in its restructuring process.
The Singapore High Court has officially sanctioned the Scheme of Arrangement proposed by its parent company Zettai Pte Ltd in case HC/SUM 940/2025 (“SUM 940”), marking what the company describes as a “decisive step forward” in its recovery journey.
The ruling comes as a major development for users awaiting updates on the exchange’s relaunch, providing clarity and legal backing for the next phase of WazirX’s operational revival.
Court Approval Sets Stage for Platform Relaunch
According to WazirX’s official statement, the sanction of the Scheme allows Zettai Pte Ltd to proceed with filing the court order with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
Once the filing is completed, the company confirmed that the WazirX trading platform will restart within 10 business days, aligning with its original recovery plan.
This step is seen as a crucial move toward restoring full platform functionality, including trading services, asset distributions, and the rollout of new Recovery Tokens promised under the Scheme.
Also Read: WazirX Files Legal Submission Following Court’s Deadline Amidst Ongoing Hack Case
📢 Scheme of Arrangement Sanctioned by the Singapore High Court
We are pleased to share that the Singapore Court has sanctioned the Scheme proposed by Zettai in HC/SUM 940/2025 (“SUM 940”) with modification, marking a decisive step forward in the recovery journey.
What Happens… pic.twitter.com/IxOrZPIKhD
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 13, 2025
A Structured Path Toward Full Recovery
The sanctioned Scheme ensures that all agreed-upon benefits for users and stakeholders are preserved, while providing a transparent legal framework for restructuring. In its announcement, WazirX emphasized its continued commitment to rebuilding user trust and maintaining transparency:
“This milestone brings us to the final stage of restructuring, ensuring that all promised benefits under the Scheme are preserved and paving the way for distributions, trading, and the issuance of Recovery Tokens to begin.”
The company also expressed gratitude to its user base for their patience during the prolonged restructuring process, assuring that it remains focused on guiding them through every stage until the platform fully resumes operations.
The news has been received positively across the crypto community, particularly among WazirX users and investors who had been awaiting concrete progress. The approval by a top judicial authority, such as the Singapore High Court, lends legitimacy to the recovery plan.
Conclusion
With the Scheme of Arrangement officially sanctioned and platform relaunch imminent, WazirX now stands at the threshold of completing its long-awaited restructuring journey.
As Zettai Pte Ltd prepares to file the court order and initiate the final steps of recovery, users can expect trading, distributions, and Recovery Token issuance to resume within days, marking a new chapter for one of the region’s most popular crypto exchanges.
Also Read: Singapore Court Forces WazirX Creditors to Submit New Expert Affidavit
