Overview

• The Singapore High Court sanctioned Zettai Pte Ltd’s revised scheme on Oct. 13, reversing an earlier rejection and making the plan legally actionable once the order is lodged with ACRA.
• In an August revote, 95.7% of participating creditors by number and 94.6% by value backed the plan, with roughly 149,000 scheme creditors representing about $206.9 million in claims taking part.
• WazirX says platform access will resume and first distributions will begin within 10 business days of the scheme becoming effective, with notices to creditors outlining timelines.
• Repayments will combine liquid payouts and tradeable Recovery Tokens, alongside planned buybacks funded by future revenues and a proposed DEX, and custody will shift to BitGo to bolster asset security.
• The exchange was hacked in July 2024 for about $230–$234 million, attributed to North Korea’s Lazarus Group, recovery estimates reported by outlets vary widely from roughly 55% to about 85%, and Indian courts continue to seek disclosures on ownership and restructuring details.