WazirX Receives Singapore High Court Approval for Recovery Plan, Trading to Resume Soon

WazirX’s recovery plan is officially approved, with trading resumption expected soon following Singapore High Court’s ruling.

Fridah Kangai
October 14, 2025
11:51 am

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

WazirX receives court approval, signaling imminent platform relaunch.
Singapore High Court’s decision marks a crucial recovery milestone.
WazirX users can expect trading resumption within 10 business days.

WazirX, a giant in the Asian cryptocurrency market previously, is making significant strides towards recovery. The Singapore High Court has officially approved the Scheme of Arrangement proposed by Zettai Pte Ltd, its parent company. This authorization marks a significant milestone, providing the necessary legal support and clarification for the continued operation of WazirX.

This ruling by the court enables Zettai to proceed with filing the court order with the Accounting and Corporate Regulatory Authority (ACRA) of Singapore. This registration is expected to be filed shortly, and WazirX has assured that its trading platform will be operational again within 10 working days. This schedule aligns with the company’s initial recovery strategy, offering users concerned about the platform considerable hope.

📢 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

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A Clear Path to Recovery for Users

The Scheme will be sanctioned, guaranteeing that all benefits agreed upon for users and stakeholders will be observed. It offers a framework to facilitate the recovery of WazirX, ensuring that assets are distributed transparently and Recovery Tokens are issued, as planned. The company emphasized that it would restore user trust and maintain complete transparency throughout the process.

WazirX has also thanked its users for their patience throughout the lengthy restructuring process. The company has assured its community that it is still working towards a seamless transition as business returns to normal.

Both investors and users have reacted to the court approval news with enthusiasm. Many in the cryptocurrency community have been anxiously awaiting signs of progress. Since the legal framework has become well-established, WazirX is on track to reinstate its platform and services.

The Singapore High Court approval gives a new hope to the WazirX community. The exchange will now resume trading, having fulfilled its promise to its users, and it will be closer to full recovery.

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