Overview
- The exchange filed the sanctioned Scheme of Arrangement with Singapore’s ACRA on Oct. 15, triggering implementation and a relaunch targeted within 10 business days.
- Founder Nischal Shetty said the platform aims to restart before Oct. 30 in line with the scheme’s requirements.
- Users will receive phased crypto and cash distributions and be issued Recovery Tokens during the implementation period.
- Pre-hack account holders are eligible for Recovery Tokens on a pro‑rata basis tied to approved claims, granting a share of future revenue, recovered funds, and potential profits.
- WazirX is adding strengthened custody with BitGo after a July 18, 2024 theft of roughly $240 million that was laundered through services including Tornado Cash, leaving 6.6 million users frozen for over a year.