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WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

  • The Singapore High Court has rescheduled WazirX's next hearing in case HC/SUM 940/2025 to July 15, 2025, with a reserve date of July 16, granting approval for presenting further arguments on restructuring plans.
  • WazirX was directed to submit a supplemental affidavit and written submissions by July 4, 2025, prior to the hearing. Specifics regarding attendance at the hearing are yet to be disclosed by WazirX.
  • Despite 93% of creditors approving WazirX's restructuring plan, concerns linger over the unaddressed $234 million hack and lack of communication from CEO Nischal Shetty regarding potential refunds or the company's future.
  • The outcome of the July 15 hearing is crucial for determining the platform's future operations and the possibility of user compensation, with WazirX's silence exacerbating frustrations among its user base.

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