Singapore HC Approves WazirX’s Restructuring Plan

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SUMMARY

The sanction clears the way for WazirX to restart its platform within 10 business days of the scheme becoming legally effective and to begin token distributions to creditors

Singapore High Court has sanctioned its creditor-approved restructuring scheme with modifications, following a re-vote in August 2025 where 95.7% of creditors, representing 94.6% in value

The verdict from the High Court offers some relief to WazirX and its users, who were defrauded of around $234 Mn in a crypto heist last year

Zettai Pte Ltd, the…



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Singapore HC Approves WazirX’s Restructuring Plan


SUMMARY

The sanction clears the way for WazirX to restart its platform within 10 business days of the scheme becoming legally effective and to begin token distributions to creditors

Singapore High Court has sanctioned its creditor-approved restructuring scheme with modifications, following a re-vote in August 2025 where 95.7% of creditors, representing 94.6% in value

The verdict from the High Court offers some relief to WazirX and its users, who were defrauded of around $234 Mn in a crypto heist last year

Zettai Pte Ltd, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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