WazirX to Restart Operations After Court-Approved Restructuring Plan

WazirX, one of the notable cryptocurrency exchanges, is set to restart its operations after a significant restructuring plan was approved by the Singapore High Court on October 13, 2025. This comes after a major $230 million hack in July 2024, attributed to the notorious Lazarus Group, which severely impacted both the platform and its users.

The restructuring plan received overwhelming support, with 95.7% of creditors voting in favor during the August 2025 vote. WazirX aims to resume operations within 10 business days of the court’s approval, potentially by the end of October 2025, signaling a promising comeback.

For users affected by the hack, WazirX will provide access to their accounts along with "Recovery Tokens" that correspond to their claims. This initiative is designed to compensate victims and help restore trust within the community.

Security is a top priority in WazirX's recovery efforts. To strengthen asset protection, WazirX will collaborate with BitGo, a leading digital asset custody provider known for robust security solutions. Additionally, WazirX plans to launch a decentralized exchange (DEX), which is expected to offer users enhanced control and security over their crypto assets.

For crypto enthusiasts looking for flexible ways to invest, platforms like Bitlet.app provide innovative services like Crypto Installments, enabling users to buy cryptocurrencies now and pay monthly rather than in a lump sum. This makes entering the crypto market more accessible and affordable.

The revival of WazirX underscores resilience in the crypto industry and highlights the importance of security and user-focused recovery strategies. Users and investors should stay tuned to official announcements for further updates on the exchange’s reopening and new features.