Overview
- The Singapore High Court sanctioned Zettai Pte Ltd’s creditor‑approved scheme with modifications, reversing an earlier rejection and enabling WazirX’s recovery plan.
- An August revote saw 95.7% of creditors by number and 94.6% by value support the amended plan, with roughly 149,000 participants representing about $206.9 million in claims.
- Once the order is filed with ACRA, WazirX says platform operations will resume and initial token distributions will begin within 10 business days.
- Compensation will combine immediate liquid crypto payouts with tradeable Recovery Tokens, alongside custody reforms that include a new partnership with BitGo.
- Ongoing legal matters in India continue, including Delhi High Court demands for documents related to past Binance ties and a Bombay High Court order affecting CoinSwitch’s recovery of assets.