FinTech
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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