WazirX Restructuring to Proceed with Court Hearing Set for May 13th in Singapore

WazirX has announced a positive development regarding its restructuring plan. The company recently shared that the Sanction Application is now filed with the Singapore Court, and a hearing is scheduled for May 13, 2025. They remain on schedule to fulfill their earlier timeline. Following court approval, the first repayments are expected within 10 business days, offering relief to users awaiting fund recovery. WazirX has confirmed that withdrawals and trading will resume gradually, subject to regulatory guidelines, but specific dates remain undisclosed.