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WazirX restart is expected within 10 business days after the ACRA filing, with payouts in USDT and recovery of up to 55% of the $235 million lost in the July 18, 2024 hack; distribution will be overseen by Singapore-based Zettai Pte Ltd and implemented following final operational checks.
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Restart timeline: Platform restart targeted within 10 business days of the ACRA filing.
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Recovery plan covers up to 55% of the $235 million lost, with payouts expected in USDT.
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WRX token rose ~6% after the filing; market data referenced from CoinMarketCap.
WazirX restart projected within 10 business days after ACRA filing; check claim steps and recovery details — read the latest update from COINOTAG.
By COINOTAG | Published: October 16, 2025 | Updated: October 16, 2025
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Following Singapore High Court approval, WazirX plans to restart within 10 business days after the ACRA filing.
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After more than a year of waiting and uncertainty, WazirX users finally have a clear update. On October 15, 2025, Singapore’s Accounting and Corporate Regulatory Authority (ACRA) received the court-approved Scheme of Arrangement, making the restructuring plan official.
This now lets WazirX start sending funds and issuing Recovery Tokens to users affected by the July 18, 2024 hack.
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How soon will WazirX restart after the ACRA filing?
WazirX restart is expected within 10 business days from the effective date of the Scheme of Arrangement filed with ACRA on October 15, 2025. CEO Nischal Shetty confirmed the team aims to resume operations promptly once compliance checks and distribution logistics are in place.
What does the ACRA filing mean for affected users?
The ACRA filing follows Singapore High Court approval on October 13, 2025, and transitions the plan from the legal phase to operational execution. The scheme allows WazirX to distribute Recovery Tokens and process payouts, with Singapore-based Zettai Pte Ltd appointed to oversee the distribution. Users should expect payouts in USDT within the 10-business-day window after the scheme takes effect.
Frequently Asked Questions
How much can users recover under the scheme?
Under the approved plan users can recover up to 55% of the $235 million lost in the July 18, 2024 hack, equating to a maximum aggregate recovery of approximately $129.25 million. Exact individual recoveries will depend on verified claim amounts and the final distribution schedule managed by Zettai Pte Ltd.
When will I receive my payout and in what form?
Payouts are expected in USDT and should begin within 10 business days after the scheme’s effective date, contingent on completion of compliance and KYC checks. The distribution timeline will be communicated by WazirX once operational readiness is confirmed.
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Court approval and legal protections
The scheme, originally drafted on July 23, 2025 and modified before court approval, includes legal protections for officers implementing the plan. Officers are shielded from claims arising from preparing or implementing the scheme except in cases of fraud, wilful misconduct, recklessness, or gross negligence. This change provides legal clarity while preserving accountability for serious wrongdoing.
Market response and data
Market reaction was positive: WRX token increased by nearly 6% following the ACRA filing. Market metrics referenced from CoinMarketCap show WRX trading at $0.07248, a market cap of $27.67 million and a 24-hour trading volume around $60.11k (down 11%). These figures indicate improving sentiment but users should remain focused on recovery mechanics rather than short-term price moves.
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Key Takeaways
- Timeline confirmed: WazirX targets a restart within 10 business days after the ACRA filing — preparations may shorten this window.
- Recovery scope: Up to 55% of the $235 million hack loss may be returned, with distributions overseen by Zettai Pte Ltd and paid in USDT.
- User action: Affected users should monitor official WazirX communications for claim verification steps and prepare required documentation for KYC and distribution.
Conclusion
The ACRA filing on October 15, 2025 marks a decisive step toward the WazirX restart and partial recovery for millions of affected users. With legal approval secured and a distribution overseer appointed, operational execution — including USDT payouts within 10 business days — is now the focus. Stay informed through official WazirX updates and COINOTAG coverage as the distribution progresses.
Also Read: WazirX, Zettai, & the Fight for User Rights: Inside India’s Biggest Crypto Battle
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TAGGED:WazirX
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