The Indian cryptocurrency exchange WazirX, which suffered a massive hack amounting to $235 million, plans to resume operations between April and May 2025. This was announced by the platform’s team, emphasizing that one of the key milestones is a court verdict scheduled for May 13.
This is reported by Finway
Preparation for Relaunch
The WazirX team noted that the exchange’s parent company, Zettai, has successfully completed all necessary preparatory steps. The next important stage is the sanction hearing to be conducted by the Supreme Court of Singapore. In their statement, the team highlighted that:
“This hearing is crucial for the scheme to gain legal validity”
.
Awaiting the Conclusion of the Legal Process
Although the team has tried to adhere to the announced timelines, they acknowledge that legal proceedings can have their own dynamics. Once the court approves the scheme, the first distribution of funds and the relaunch of the platform will occur within 10 business days from the date the decision takes effect.
It is worth noting that in November 2024, Delhi police arrested a suspect involved in the $235 million hack of the WazirX exchange.