Overview

• WazirX filed its court-approved Scheme of Arrangement with Singapore’s ACRA on October 15, triggering the implementation phase.
• The exchange targets a restart within 10 business days, with a phased reopening to manage liquidity and operations.
• Eligible customers who held assets before the July 18, 2024 hack will receive immediate crypto distributions and tradeable Recovery Tokens on a pro‑rata basis.
• Recovery Tokens grant holders a claim on future platform revenue, any recovered stolen funds, and future profits under the approved scheme.
• The 2024 theft exceeded $240 million and on-chain analysis reported laundering through Tornado Cash, constraining the scope of asset recovery.