WazirX to Resume Operations Within 10 Days Following ACRA Filing; Users to Receive Crypto and Recovery Tokens

Indian crypto exchange WazirX is preparing to restart operations within the next 10 business days, marking the final stage of its long recovery effort after last year’s $240 million hack.

The relaunch follows the company’s formal submission of its court-approved restructuring scheme to Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, completing the last procedural step under its Scheme of Arrangement.

“We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with ACRA on 15 October 2025,” WazirX announced in an X post.

The filing comes shortly after the High Court of Singapore sanctioned the plan, which received the backing of over 95% of creditors. With ACRA’s submission now complete, the exchange enters the implementation phase—a period during which eligible users will receive crypto distributions and Recovery Tokens (RTs).

The RTs, distributed on a pro-rata basis to users who held assets on WazirX before the July 18, 2024 hack, grant holders a claim on the platform’s future revenues, any recovered assets, and potential profits.

WazirX, once India’s largest crypto exchange by trading volume, was forced to halt operations in 2024 after a massive security breach and ensuing liquidity crisis. Its Singapore-based parent entity led the restructuring under court supervision, charting a rare recovery path for a crypto firm following insolvency.

The 2024 attack, which drained over $240 million in various tokens, saw the perpetrator route funds through Tornado Cash to conceal their trail—significantly complicating recovery efforts. Despite limited success in tracing the stolen assets, WazirX’s restructuring and relaunch plan aim to restore partial value to victims through this new distribution mechanism.