Zettai Pte Ltd. today announced that, in a significant development in WazirX’s recovery journey, the Hon’ble High Court of Singapore has officially sanctioned the creditor-approved restructuring scheme proposed by Zettai Pte. Ltd with modification. This comes after 95.7% of voting creditors — representing 94.6% in value — re-voted in favour of the Scheme in August 2025.
This approval marks the culmination of months of collaborative efforts between Zettai and the WazirX user community, paving the way for the reopening of the platform.
“The sanction represents a key milestone in WazirX’s journey since it marks one of the fastest restructurings in the global crypto industry, despite suffering one of the biggest cyberattacks in the history of this space. We remain fully focused on our mission towards acting in the best interests of our creditors. As soon as the scheme is legally effective based on today’s verdict, we will start platform operations within 10 business days. To everyone who stood by us with patience and belief — thank you.” said Nischal Shetty, Founder of WazirX.
As next steps, Zettai Pte. Ltd. will file the order with the Accounting and Corporate Regulatory Authority (ACRA). Within 10 business days of the Scheme becoming effective, the WazirX platform will restart, and token distributions to Scheme Creditors will take place. Zettai will notify all Scheme Creditors regarding the relevant legal filings and timelines.
With the restart, WazirX will continue to focus on building the best platform for the Indian crypto ecosystem. To further strengthen the security of funds, the company has partnered with BitGo, a globally recognized and industry-leading custodian.