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FinTech

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…



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