Forem: Gresha K

What This WazirX Revote Really Means For You?

Gresha K — Fri, 01 Aug 2025 09:48:39 +0000

The recent WazirX revote marks a pivotal moment for the future of crypto trading in India and, more specifically, for everyone who calls themselves part of the WazirX Tribe. If you’re debating whether to VOTE YES, here’s why the answer should be a resounding and confident YES.

Why This Vote Matters

The backdrop for this vote is unprecedented: after the 2024 hack that shook WazirX, your assets—worth $230M+—were suddenly at risk. WazirX could have taken the easy route to liquidation, resulting in massive delays and deep losses for its community.Instead, the platform chose to fight for its users, designing a restructuring scheme that puts recovery, transparency, and empowerment at the center.
Now, it’s your turn to shape the destiny of your investments and the
WazirX ecosystem by voting YES.

Top Reasons to VOTE YES

1. Faster Asset Recovery
A “YES” vote means you could receive your tokens within 10 business days of scheme approval. The contrast is stark: voting NO could mean waiting until 2030 to see your funds returned in INR, which will be far lower than what you’ll get now.

2. Maximum Value, Shared Profits
Supporting the revised scheme ensures you’ll get ~85% of the rebalanced NLPA and the opportunity to participate in profit-sharing mechanisms and market upside, instead of a fire-sale “liquidation price”.

3. Transparent, User-Centric Process
The voting and distribution process is conducted through a transparent platform, verified by an independent assessor. Your rights and voice are protected—each approved claim gets one, and only one, vote, regardless of account numbers.

4. No More Uncertainty
With YES, you’re choosing a path away from drawn-out legal battles and towards clarity and control. Your vote helps close this chapter and open the next, stronger one for both you and the platform.

5. Future-Proofing the Platform
This isn’t just about recovering old losses—WazirX is building new features and business initiatives, like a decentralized exchange (DEX).
YES means you become part of future growth and innovation—rather than merely salvaging the past.

What Do You Get When You VOTE YES?

YES Empowers YOU and the Community
Immediate Benefits: Instant access to your tokens, with the option to trade, hold, or participate in new profit opportunities.
Long-Term Growth: Stay at the forefront as WazirX rebuilds—profit-sharing, token buybacks, and innovation like DEX add continual value.
Proven Security: WazirX has doubled-down on security, introducing enhanced technical protocols and two-factor authentication, so your assets remain protected as the platform evolves.

Community Strength: Over 93% of creditors have already recognized the future lies with a YES—demonstrating trust and belief in rebuilding together.

The Risks of Voting NO
Voting NO is not a “safe reset”—it’s a decision to enter years of uncertainty and almost guaranteed lower returns. Liquidation strips away community, future earnings, and your say in the recovery process, leaving you at the mercy of slow legal proceedings and sharp losses.

How To Cast Your Powerful YES Vote

Open the WazirX App or Web Platform
Click the “REVOTE IS NOW LIVE” action card (if you’re an eligible creditor)
Review your consent form and claim balance
Select “Yes, I vote FOR the Scheme”
Submit and help lead the WazirX comeback

Check the step-by-step guide

Conclusion: The Future is in Your Hands

A YES vote isn’t just a checkbox—it’s a declaration of confidence, solidarity, and belief in the power of community-driven recovery and innovation. WazirX’s best days are ahead, and by voting YES, you’re seizing an opportunity for expedited recovery, long-term gains, and a seat at the table for the next era of crypto in India.
Cast your YES vote. Let’s build the new WazirX, together.

Top 7 Reasons Why WazirX Users Are Voting YES

Gresha K — Thu, 31 Jul 2025 14:21:56 +0000

Thousands of WazirX users, who were impacted by the July 2024 cyberattack, are ready to vote YES in the court-administered revote on the amended Scheme of Arrangement. Their reason? This is the first time in Indian crypto history that users have a legally structured and enforceable recovery pathway.

Here’s a breakdown of why affected users are collectively leaning towards a YES vote — and why it matters more than ever.

1. The Only Court-Supervised Recovery Plan in Indian Crypto

The WazirX Restructuring Scheme is overseen by the Singapore High Court, adding a serious layer of legitimacy and enforcement. Unlike vague promises or social media updates, this process is rooted in legal structure. The court has allowed this amended scheme to move forward to a user vote — meaning it passed legal scrutiny.
If approved by a majority and gets sanctioned by the Singapore High Court, it becomes a binding legal framework for repayment. That level of protection and structure is unprecedented in the Indian crypto space.

2. Users — Not the Stakeholders — Are the Priority

The scheme has one goal: return as much value as possible to affected users. Unlike other recovery processes that prioritize investors, legal fees, or operations, WazirX’s restructuring scheme directs recovery funds to users first. That’s a big deal.

The original plan was structured so that those who lost assets in the cyberattack are at the front of the line — not venture capitalists, executives, or unrelated parties. With the amended Scheme, token distribution will now be facilitated by Zanmai—the Indian entity behind WazirX—marking a historic first for India’s crypto community. No other exchange has ever taken such a step for its users.

3. A Transparent and Realistic Process

Many ask why the platform isn’t just liquidating and returning fiat. But liquidation is messy, slow, and often delivers much less. The scheme offers a hybrid recovery model that could include crypto or crypto-equivalent value, depending on the final pool.
Most importantly, it comes with regular updates, court-supervised reporting, and a structured timeline. Compare that to FTX or other failed platforms — where users were kept in the dark.

4. Calling Out Distracting Influencers

Influencers like CA Sonu Jain and Romy Johnson (Toofan) have urged users to vote NO, citing fears of poor recovery or lack of clarity. But many in the community believe their objections are not about helping users — but about maintaining relevance.

Let’s be honest: their public behavior suggests that their true interest isn’t user recovery — it’s attention.
They’ve positioned themselves as crusaders against WazirX, but without any disclosed stake in the outcome or accountability. Users suspect they:

Want to control the narrative and grow their own platforms
Stoke fear to keep followers dependent on their opinions
Avoid accountability if the scheme succeeds without them
May not even be directly impacted by the cyberattack

Their loudest critics are not necessarily those who lost anything — and certainly not those responsible for any recovery.

5. Saying NO Won’t Bring a Better Plan

Some believe that rejecting this scheme will force WazirX to create a better one. But that’s a gamble — and it’s not how courts work.
Voting NO could result in:

Long delays in the legal process
Eventual liquidation of assets, possibly at a heavy discount
Dismissal of the current plan entirely
Users receiving less — or nothing — after prolonged uncertainty

After over a year of waiting, many users aren’t willing to take that risk. They see this vote as a now-or-never opportunity to move on.

6. This Is a Rare Moment of User Empowerment

Most crypto platforms that go bust never offer users a say. WazirX is doing something rare — putting the power directly in the hands of its users.
They didn’t just create a plan behind closed doors. They went to court, restructured it, and now they’re inviting users to vote. That kind of inclusion is rare — and appreciated.

7. Users Want Closure, Not Chaos

After months of silence, slow legal updates, and daily speculation, users are ready to move forward. A YES vote won’t instantly restore everything, but it opens the door to meaningful recovery.
They’re choosing structure over speculation. Facts over fear. Resolution over rhetoric.

Final Thoughts

The amended Scheme of Arrangement is the result of months of court hearings, creditor feedback, and legal restructuring. It’s not perfect, but it’s real. And for many users who’ve suffered in silence for over a year, it’s the best shot at recovery they’ve seen.
This isn’t about defending WazirX. It’s about recovering what was lost — through a process that puts users at the center.
That’s why most of the users are voting YES.
Because YES means progress.
YES means closure.
YES means crypto recovery — finally.

Ready to Vote?

If you've made up your mind — or just want to understand the process better — we've made it simple for you.
Here’s how to cast your vote for the amended Scheme of Arrangement: How to Vote — Official Guide by WazirX

This is your chance to take control of your funds and your future.
Don’t miss it.
Don’t sit it out.
Vote with clarity.

Your Vote, Your Crypto: The WazirX Scheme Revote Breakdown

Gresha K — Tue, 29 Jul 2025 15:46:02 +0000

A critical decision point lies ahead for WazirX users: the revote on its amended Scheme of Arrangement, a legally supervised recovery plan overseen by the Singapore High Court.

The Backstory: What Happened?

In July 2024, WazirX was hit by a major cyberattack that resulted in a significant amount of user funds being locked. In the aftermath, WazirX took legal steps to protect these funds and design a recovery pathway. Since the company is structured under Singapore jurisdiction, the process was brought before the Singapore High Court, which is known for its strong legal oversight and clarity in financial matters.

To address the situation, WazirX proposed a Scheme of Arrangement — a legal plan that outlines how creditors (in this case, users) could get their funds back. The first version of this scheme was submitted in early 2025 but was rejected by the court

The Amended Scheme: A User-First Plan

WazirX then submitted an amended scheme — one that focuses purely on returning user funds. The court has now reviewed this new version and said it can move to the next step: a user vote.
So while the court has not yet given full approval, it has officially acknowledged that the updated plan deserves to be put to users to vote.

Here’s what happens -

Vote YES:

Activates the amended plan, putting it one step away from final court approval
If a majority of users vote YES (by count and value), the Court will review and likely sanction the scheme
Once sanctioned, first distribution will begin—structured, under legal oversight, and following a clear timeline (expected within 10 business days of the scheme being sanctioned)
Legal protections, clarity, and transparency follow for all participating users

Vote NO:

The plan fails and stalls
The Court does not proceed to sanction the scheme
No alternate plan is guaranteed
Users lose access to the only legal path currently available—and risks further delays or legal limbo

What’s at Stake?

This revote is not a formality—it’s the only existing mechanism that has already passed legal muster and reached the user decision stage.
Without a successful vote, the process collapses into uncertainty.

Why Are People Like Sonu Jain and Toofan Urging Users to vote NO?

CA Sonu Jain — Self-proclaimed Crypto Tax Influencer (probably appointed by WazirX competitors) and also a Self-Appointed Gatekeeper has been actively campaigning for a NO vote on X since forever.

In fact, it didn't work in favour of him during the last vote - so he’s definitely going to TRY AGAIN!

This is not about protecting users—it’s about *amplifying fear and keeping users stuck in limbo. *

His messaging:

Deliberately misrepresents the Scheme
Spreads fear without offering a viable alternative
Leverages the situation to boost his own visibility as a "protector" of users, while offering no legal path forward

If this was truly about user interests, he would support clarification, not sabotage. But the NO vote campaign lacks transparency and accountability—ironically, the very things he accuses WazirX of.

Romy “Toofan” Johnson — Disruptor or just an Opportunist has made multiple appearances in crypto Telegrams and comment threads pushing back against the WazirX plan.

While his X account was eventually suspended, screenshots and community posts indicate he has repeatedly questioned the legitimacy of the scheme, and in some cases, targeted recovery managers directly.

Here’s the thing: Toofan is not a user advocate.
He’s a self-promoter known for drama, previously linked to crypto influencer feuds and misinfo campaigns.

His criticism:

Provides no roadmap for users
Often includes unverified claims or personal attacks
Diverts attention from the only legal route currently in place

So Why Are They Really Saying “Vote NO”?

Let’s be real: it’s baseless. Their actions don’t seem focused on helping users get their money back—they seem more interested in staying relevant.

People like Sonu Jain and Toofan are acting like they’re fighting for the public. But what they’re really doing is trying to control the conversation and get attention. They call themselves heroes, but they’re not offering any real solutions. Just criticism.

By spreading fear and doubt, they keep users hooked to their posts and updates. Instead of helping people understand the facts, they make them more confused and dependent.

Here’s the uncomfortable truth:
If the plan works without them, no one will need their advice anymore. So, they’re trying to stop it—just to protect their own image.

And let’s not forget:
There’s no proof they’ve lost money in this case. They’re not part of the official legal process either. Yet they keep making noise, without taking any responsibility if things go wrong.

They talk the loudest—but are they really helping?

But Here’s Why Voting YES Is the Only Practical Path Forward

1. It's a Legal Process Already in Motion
The amended scheme has been deemed worthy of consideration by the Singapore Court, and now just needs user approval to proceed to a final review and sanction.
By voting YES, users activate that process—legally and securely.

2. Repayment Timeline Is Defined
Once sanctioned, first distributions start within 10 business days. Voting NO stops that clock entirely—and stalls any progress. The plan is in place; all that’s needed is user support.

3. Legal Protections and Transparency
Yes vote = a court-sanctioned framework governing repayments.
No vote = no resolution, and possibly multiple legal rounds—each with cost, delay, and uncertainty.

4. Collective Power
The scheme requires majority approval in numbers and value. That means everyone’s vote matters. A strong YES turnout sends a message: users want recovery and are willing to back a structured process.

5. WazirX Has Shown Commitment
Rather than ignore feedback, WazirX returned with amendments, engaged with stakeholders, and sought court approval anew. That’s ACTION, not avoidance.

Voting YES means recognising that accountability and moving forward collectively.

Final Thought: Vote YES to Reclaim Your Crypto

WazirX’s amended scheme is the only recovery path with both:
Legal validation (accepted by court for consideration)
User consent built in (via the revote scheduled on 30th July 2025)

Anything else? Uncertain.
Longer timelines, court delays, or multiple restarts. That risks assets shrinking in value or being locked indefinitely.

A YES vote is not about unconditional trust—it’s about enabling the only viable, legal, user‑driven path toward repayment.

Want to know how to revote "YES"?
WazirX shared all details on their blog here.

Top 5 Reasons To Vote YES In The WazirX Revote

Gresha K — Tue, 29 Jul 2025 14:05:32 +0000

A new chapter will soon begin for all WazirX users as the exchange prepares to launch its court-approved revote under the Amended Scheme of Arrangement. For anyone affected by last year’s incident, this upcoming vote will be a real opportunity to take the next step towards recovery.

Voting YES in this process won’t just mean showing support — it will mean unlocking the legal and financial process required to return your crypto. If you’ve been waiting patiently, this vote will finally put the solution in your hands.

Here are five powerful reasons why saying YES in the WazirX revote will be the smartest move for users who want to move forward.

1. A Court-Approved Path to Repayment

A major step forward has already taken place — the Singapore High Court has accepted the amended Scheme of Arrangement and permitted WazirX to move ahead with a user vote. This means the court has found the proposed amendments worthy of consideration, and now it’s up to the users to decide.

By voting YES, users will be helping activate a plan that already meets initial legal scrutiny and is now one step away from final approval. If the majority of users support the scheme, the court will then review it in full and, if satisfied, officially sanction it.
This user-led process offers both structure and legal backing — making it one of the most transparent and solution-oriented recovery efforts in the crypto space today.

2. Faster Access to Your Locked Funds

One of the main goals of the amended scheme will be to prioritize user repayment. Unlike the earlier version of the plan — which included business revival strategies — this updated scheme will shift focus to releasing assets back to affected users with the Indian entity, Zanmai.

Voting YES will allow the process of first distribution to begin in a structured, transparent, and timely manner as soon as 10 business days of Scheme’s effective date.

WazirX has committed to following a clear timeline once user approval is secured, which means that the faster the vote is passed, the sooner repayments will begin.

For users who have been waiting for updates, this vote will finally turn good intentions into tangible outcomes.

3. You Will Be Legally Protected

Another significant benefit of voting YES is the legal protection the scheme will offer all participating users. Once approved by both users and the court, the plan will shield users from future uncertainties and provide a defined route to recovery.

Everything in the scheme will be governed by a court-sanctioned process — ensuring that actions taken under it will be lawful, consistent, and trackable. Users won’t have to navigate unclear paths or chase vague promises.

By saying YES, you will be placing your recovery within a secure legal framework that’s designed to protect your rights and offer certainty during a complex legal process.

4. This Is a Collective Moment — And Every Vote Will Count

Crypto communities are strongest when they move together — and this revote will be one of those moments. A successful YES vote will reflect a collective decision by users to move forward, together.
This isn’t just about your individual funds — it’s about every user who has been impacted. By voting YES, you will be contributing to a solution that will unlock repayments not just for you, but for everyone involved.

The court has made it clear: for the scheme to go into effect, it must have majority approval from users. That means your vote will directly influence the outcome. It’s not just symbolic — it’s meaningful.

When a maximum of users vote YES, they will be sending a powerful message that progress, recovery, and unity are possible.

5. WazirX Is Taking Responsibility — And YOUR Positive Vote Will Reflect That

The decision to return to court with an amended scheme shows that WazirX is committed to following through — not with words, but with actions.

The amended plan is the result of months of legal consultations, user feedback, and discussions with stakeholders. By proposing a new vote, the company is showing that it values user trust and is ready to move forward transparently.

Voting YES won’t just help users — it will also support the broader message that Indian crypto platforms can resolve crises responsibly, with a user-first mindset.

This vote will become a model for how crypto exchanges can collaborate with their users and the legal system to find meaningful solutions — and by participating, you will be part of that story.

In Summary

The WazirX revote will not be just a procedural step. It will be a pivotal moment where users will be given real power: the power to choose resolution, repayment, and progress.
Let’s recap the 5 reasons to vote YES:
You’ll be supporting a court-approved, legal path to repayment.

You’ll unlock faster access to your locked crypto.
You’ll gain legal protection through a defined framework.
You’ll contribute to a collective decision that benefits all users.
You’ll be backing a platform that is working hard to take responsibility and set things right.

What Happens Next?

The official revote on WazirX’s Amended Scheme of Arrangement begins on 30th July 2025.

If you’re an affected user, this is your moment to act. You’ll receive voting instructions from the WazirX team via email, social announcements, and the WazirX app,, along with all necessary details including:

Your unique login credentials
Step-by-step guide to casting your vote
FAQs to help you through the process

The voting window will remain open until 6th August 2025.
Whether you’re a small investor or a large user, your vote will shape the future of this recovery plan.

The message is simple:
Vote YES. Move forward. Let’s rebuild — together.
Stay updated through WazirX’s official channels and attend the upcoming Townhall to get your questions answered.

How WazirX Plans To Make A Strong Comeback With Its Amended Scheme

Gresha K — Mon, 28 Jul 2025 13:22:14 +0000

For countless WazirX users across India, the past year has been a test of patience and faith. After the 2024 cyberattack put a hold on trading and investing activities on the platform, hopes faded and doubts grew.

But now, the story is turning—in the form of an amended scheme forged through court supervision, global compliance, and genuine user feedback. This isn’t just a chance to get your tokens back; it’s a blueprint for a platform that’s more secure, transparent, and accountable than ever.

If you’ve been waiting for a reason to believe again, here’s why voting YES on the new amended scheme is the key to unlocking your funds and helping WazirX—come back stronger in 2025.

How Did WazirX Get Here? A Quick Recap
In July 2024, WazirX was targeted by Lazarus Group, one of the most notorious group of hackers known in the world's crypto history. While the platform rapidly involved top security teams and legal experts, the sheer scale and regulatory complexity required a court-led restructuring. Over the past year, WazirX has:
Worked with the Singapore High Court on a legally compliant solution
Gathered intensive feedback from users and regulators
Built a new plan that’s safer, simpler, and best for all users

The result?
An Amended Scheme of Arrangement that puts users’ interests and safety front and center.

The Amended Scheme: What’s New and Why It Works

1. Dual Commitment: Zanmai Labs (India) + Zettai (Singapore)

Zanmai Labs India will directly handle all user payouts and platform operations. This means funds will be managed locally, with full compliance under Indian law and easier, faster access for users.

Zettai Singapore remains the global entity, but with the amended scheme, responsibility is shared and legally enforceable in both India and Singapore. This “dual safety net” is unique and acts as a guarantee you can trust.

2. Next-Level Security and Compliance

Global Standards: The scheme is updated to meet Singapore’s Financial Services and Markets Act (FSM Act, June 2025), and aligns with Indian regulatory best practices.

KYC & AML Improvements: A detailed Know-Your-Customer (KYC) system and strong anti-money laundering checks are in place. That means every payout will be secure, legal, and compliant—keeping the platform safe for all.

Independent Vote Verification: Each user vote will be monitored and validated independently, guaranteeing a fair process without manipulation or error.

3. Transparent Timelines & Real Accountability
Key dates and steps are mapped out for all users:
July 30, 2025: Townhall—team answers your questions live.
July 30–August 6: Voting window—cast your vote, make the right choice.

After verification of votes by Independent Assessor, Results will be sent to the court for final approval.

Within 10 Business Days of Court Sanctioning the Scheme: Tokens distribution will begin.

Every major milestone is public, and users receive real-time updates via email, platform notifications, and the official blog.

4. Full Platform Restart—Safety First
With the scheme approved, WazirX is set to restart as one of the most compliant and user-focused exchanges in India.
New compliance structures and local management mean faster support and renewed public trust for every user.

The restart brings new features, more liquidity, and the promise of a healthier, more robust Indian crypto market.

Turning Lessons Into Action: Why This Comeback Matters

This comeback is about building a brighter, more secure future for everyone in Indian crypto. By voting YES, you’re not only reclaiming your funds; you’re helping set a gold standard for trust and transparency.

A Step-by-Step Summary for Users

Conclusion: Your YES Vote Is Your Power

This is your moment to help WazirX step forward, to turn a crisis into one of India’s biggest comebacks in the digital asset space. The Amended Scheme is built with you in mind—focused on compliance, security, transparency, and real accountability.

Vote YES to unlock your funds, restart the platform, and lead a new era of trust and opportunity for all WazirX users and crypto in India.

Will You Get Your Crypto Back? Key Takeaways from WazirX’s Amended Scheme Revote

Gresha K — Mon, 28 Jul 2025 10:34:46 +0000

If you’ve been waiting for months—or even over a year—for news about getting your WazirX crypto back, you’re not alone. The exchange’s cyberattack in July 2024 affected countless users, freezed trading and leaving many in uncertainty.

After certain hurdles faced during the whole restructuring process, there’s hope again: WazirX has announced a revote on its Amended Scheme of Arrangement. This court-approved plan is designed to give users their funds back, and your vote plays a crucial role in making that happen as quickly as possible.

This blog breaks the process down for everyone—no complicated legal terms, just everything you need to know to make an informed choice and, hopefully, reclaim your crypto soon.

What Is the WazirX Amended Scheme Revote?

The Problem So Far
In July 2024, WazirX faced a cyberattack, leading to lost assets along with paused trading activities on the platform.
WazirX’s original Restructuring Scheme was reviewed by the Singapore High Court, and updates were requested to fit new crypto regulations and make the process fairer and faster for users.

With the exchange operating in a new legal environment, and after Singapore High Court’s regulatory concerns, WazirX created an amended scheme—a better, more secure roadmap to restart fund recovery.

The Solution: Amended Scheme Revote
The amended scheme now needs user approval (a YES vote in majority) to allow WazirX to return user funds, reopen services, and bring its platform back in compliance with Indian and Singaporean regulations.

What’s Changed in the New Plan (and Why It’s Good for Users)

Payout Managed Locally in India
Once the amended Scheme is sanctioned, WazirX’s payout process will be controlled by Zanmai Labs (the India-based company), so Indian users get local legal protection and payouts handled within the country. This means fewer hurdles and more direct communication when it comes to getting your funds.

Clear and Fast Timelines for Payouts
Once the majority YES vote passes and courts approve, users could see distributions of tokens (their crypto) drop into their accounts within 10 business days after court approval. That’s way faster than similar recovery cases that often drag on for years.

All Users Get to Vote, and Every Vote will be Verified
The voting process is transparent:
Open to all eligible scheme creditors (users affected by the hack).
Votes will be verified by an independent party, so your voice really counts and results can’t be tampered with.

Townhall Meetings and Q&A for Everyone
WazirX will be holding a townhall on 30th July 2025 to explain the plan, answer your questions live, and help everyone understand the updated Scheme.

After the user vote, results will be checked independently, then presented to the court, ensuring user interests are put first at every step.

The Voting Timeline—What to Expect

Townhall & Q&A: WazirX will first hold a townhall on July 30, 2025 to walk users through the new amended scheme and answer questions.

Voting Opens: July 30, 2025, at 7:30 PM IST.
Voting Closes: August 6, 2025, at 7:30 PM IST.
Results Sent to Court: After verification done by Independent
Assessor, voting results go to the Singapore High Court for final approval.
Fund Distribution Begins: If the scheme is sanctioned, users get paid (tokens returned) within 10 business days after court approval.

What Do Users Need to Do?

Check Eligibility: If you were not able to access your assets due to the cyberattack, you’re a “scheme creditor” and eligible to vote.
Stay Informed: Read the detailed documents(add the link from the official blog) join the townhall, and use WazirX’s support if you have questions.

Vote “YES” to move recovery forward and unlock your funds.

Watch for Updates: After the vote, keep an eye on your email and account for payout timelines and news about relaunch.

Why Voting YES Matters

Unlocks Payouts Quickly: The scheme is designed to send out the first round of tokens to users within just days after court sign-off.

Restarts the Platform: YES votes mean WazirX can restart, so you can soon trade, withdraw, or use your crypto as you like.

Keeps Control Local: The new plan puts payouts and compliance in Indian hands, making the whole process more transparent, accountable, and accessible.

Sets a New Trust Benchmark: Supporting this scheme shows that the WazirX community can stand together and move forward—even after the worst happens.

FAQs—Simple Answers to Common Questions

What happens if I don’t vote or vote NO?
Without majority support, recovery gets delayed, and funds could stay stuck for much longer. The YES vote is the fastest route to payout.

How much of my crypto will I get back?
Most users will get 85% of their historical portfolio value in the form of tokens, with the rest in Recovery Tokens redeemable as WazirX recovers and the business grows.

Is the voting process fair?
Yes—independent assessor will count the votes, and the whole process is monitored by the court.

Can I withdraw or trade right after the YES vote?
Not immediately, but as soon as payouts are credited (within 10 business days of court approval), the platform aims to reopen for everyone.

What if I have questions or face issues?
Join the official WazirX townhall or contact the support team via the links provided in WazirX’s FAQs and blog.

Benefits of the Revote

Why Now Is the Time for Optimism

WazirX’s amended scheme revote is more than just a procedural step—it’s the community’s shot at a fresh start, rebuilding trust, and taking control of its financial future. The plan is straightforward, fair, and ready to go. By voting YES, users not only speed up their own fund recovery, but also help set a new standard for transparency and community-driven decisions in Indian crypto.

Let your voice be heard, claim your funds, and take part in rebuilding WazirX—together.

Have any questions?
Join the townhall, check the blog, or reach out to WazirX support.

The moment is here—let’s make it count.

Vote YES To WazirX Scheme, Get Back Your Crypto Quickly

Gresha K — Fri, 25 Jul 2025 09:55:51 +0000

For users still waiting for their crypto, there’s finally hope on the horizon. After facing the cyberattack in July 2024, WazirX and its team have worked tirelessly to create a new scheme of arrangement—one that’s honest, transparent, and ready to start helping users within days if you vote YES.

Let’s walk through how things have changed, what this plan actually offers, and why saying YES in the upcoming revote is your best path to getting your money back.

What Went Right For WazirX

After last year’s cyberattack, nearly every user was in shock. But WazirX didn’t disappear—they kept communicating, answered tough questions, and kept fighting to recover user funds.

They engaged the Singapore High Court to create a structured way forward and, after months of refining the plan with feedback from users, regulators, and legal experts, WazirX now has a clear path to recovery.

Unlike so many other stories in crypto, where users are left with no answers and no hope, WazirX is setting a new standard for accountability in India’s crypto scene.

What’s Changed? The Amended Scheme of Arrangement

The amended scheme is a smarter, faster way to get users their crypto back.

Here’s what’s different—and better—about it:

India-Based Fund Management: Fund distribution will be managed by Zanmai Labs, a trusted Indian entity, ensuring local oversight and quicker, more secure payouts.
Rapid Token Distribution: If the plan is accepted, users can expect to start getting back a significant part of their crypto within 10 business days of court approval. That’s just two weeks—not years.
Full Platform Restart: Shortly after payouts begin, WazirX plans to fully relaunch the platform—with trading and withdrawals—so users can move their assets as they wish.
Recovery Tokens for Future Profits: The plan also includes a clear way to share future profits with users through “recovery tokens and other business initiatives,” so everyone benefits as WazirX rebuilds.

How does the Revote Work?

All eligible WazirX users get a vote.
Voting is open, easy, and independently verified—so every voice really does count.
YES means “I’m ready to move forward, get back my funds, and restart the platform.”
NO means waiting much longer, with legal delays, higher costs, and uncertainty.

What Happens After a YES Vote?

Results go to the Singapore High Court for final approval and sanctioning.
Fund distribution can begin almost immediately after the court says yes.
Most users will see 85% of their funds return within days—a huge step ahead of typical crypto recovery stories.

How WazirX Sets a New Bar

Other global crypto meltdowns—like Mt. Gox or FTX—left users waiting years, sometimes with only small payouts.

WazirX’s plan is designed for speed and fairness: users lead, the court oversees, and payouts start within days, not months or years.

Comparison

This is genuine progress, not just more promises.

Why Voting YES Is Good for the Community

Saying YES isn’t just about getting your personal funds back—it’s about building a stronger, more trusted crypto environment in India.
Every YES vote helps get the platform running again, brings back jobs, adds liquidity to wallets, and lets the community start fresh.

Key Points at a Glance

Frequently Asked Questions (FAQs)

Will I Get My Full Crypto Back?
Most users get back about 85% fast; the rest is paid out via recovery tokens as WazirX rebuilds and grows.

Who’s Making Sure This Is Fair?
Independent parties verify the vote, Indian partners oversee payouts, and regular updates are given to all users.

What If I Don’t Vote?
Your vote matters—only a strong YES majority unlocks this fast, secure recovery. If you don’t vote, you miss your chance to shape what happens next.

The Road Ahead

This is a pivotal moment for WazirX—and for the Indian crypto community.
By voting YES, you’re not just saying yes to your own funds; you’re saying yes to a safer, more transparent, and more accountable crypto future in India.

Let’s keep the conversation going. Share your story, ask questions, and help spread the word so everyone can make an informed choice.

Together, we can restart WazirX—and set a new standard for trust in Indian crypto.

$44M CoinDCX Hack And WazirX Revote: What’s Really Going On?

Gresha K — Tue, 22 Jul 2025 17:26:23 +0000

In India’s rapidly evolving crypto landscape, two massive developments have unfolded almost side by side—WazirX is preparing for a court-mandated revote with hopes of unlocking stuck user funds, while CoinDCX just suffered a staggering $44 million hack. For investors, enthusiasts, and everyday users alike, these back-to-back events aren’t just headlines; they’re signals flaring from the heart of crypto’s trust crisis.

This article takes an in-depth, fact-based look at these incidents, analyzing timelines, motives, and reactions. We’ll cover what happened, explore possible links, draw on real-life examples, and ask the tough questions: Is this just bad timing, or is there a pattern—perhaps even an insider’s job—vexing the digital asset world in India?

Understanding the $44M CoinDCX Hack

What Happened at CoinDCX?
On July 19, 2025, CoinDCX—one of India’s leading crypto exchanges—discovered that about $44 million had vanished from an internal operational wallet, supposedly untouched by direct user accounts. The compromise exploited a server-side vulnerability, allowing attackers to drain funds through a complex series of transactions, cross-chain movements, and mixers.

Delayed Disclosure Raises Suspicions
Despite the scale of the breach, CoinDCX waited nearly 17 hours before telling users and the public. This delay was only broken after independent investigators and blockchain analysts reported suspicious on-chain movements. The length of the silence has triggered fresh debate about transparency, crisis communication, and whether full facts are shared promptly enough with users—especially when livelihoods are at stake.

WazirX Revoting to Happen Soon

WazirX, another pillar of India’s crypto scene, has been working through court-mandated restructuring after last year’s high-profile hack that left user funds inaccessible. The latest step: a fresh vote on a revamped recovery scheme. For thousands of Indian users, the outcome could mean regaining access to long-frozen crypto assets.

Community Mood

With both exchanges in the news, the Indian crypto community finds itself in an odd position—pinning hopes on WazirX’s new plan, while worrying about CoinDCX’s capacity to recover and reassure.

The Timing: Coincidence or Insider’s Job?

Major News, Major Distraction
Both events have landed within days of each other just one year apart. As WazirX builds momentum for reform, CoinDCX’s breach suddenly dominates the headlines. Some users and industry watchers question if this is luckless overlap or if industry turmoil is being strategically managed, or perhaps exploited by insiders.

Delayed Communication and Transparency
Analysis of the CoinDCX hack highlights that news only emerged after external watchdogs flagged it. By then, critical hours had passed, leading to:

Mistrust among users, many of whom still cannot withdraw funds as smoothly as before.
Widespread calls for real-time public audit logs and on-chain Proof of Reserve disclosures.
Doubts about whether internal access, rather than only technical exploits, played a role.

Operational Wallets: Why Were They Targeted?
Unlike generic scams or phishing attacks, this breach directly exploited an internal wallet meant for liquidity, indicating advanced knowledge of internal processes. Security experts and historians of past crypto incidents note that insider involvement, or deep system access, is often required for such sophisticated operations.

Case Study: CoinDCX’s Communication Breakdown

First user reports came not from CoinDCX, but from blockchain investigators who noticed large, unexplained transactions.
The company’s earliest statements described the episode as “maintenance,” downplaying the severity.

Only after widespread speculation did CoinDCX confirm the hack and offer assurances—promising to cover losses with treasury funds, not user assets.

What Users Experienced

Users reported withdrawal blocks, vague support replies, and a lack of clear personal account status. Many took to social media demanding faster, more complete answers, and on-chain evidence that the platform could actually afford to reimburse lost funds.

Key Questions Users Should Ask

Was the CoinDCX hack just bad luck, or does the timing suggest a coordinated narrative shift in Indian crypto news?

Who had privileged access to operational wallets, and are access logs and audit reports being shared openly?

Does the 17-hour delay represent a smokescreen for insiders to cover tracks, or just a cautious response?

Are both exchanges demonstrating the level of transparency and crisis management needed to rebuild faith in Indian crypto platforms?

The Path Forward

The back-to-back crises at WazirX and CoinDCX have pushed transparency, security, and user confidence to the center of India’s crypto conversation. The line between coincidence and cover-up may ultimately be best drawn by user vigilance, regulatory involvement, and open, verifiable exchanges of information.

If you’re an investor or user, speak up—ask your exchange for real-time audits and demand accountability. For platforms, let this be the wake-up call: in crypto, trust is priceless and must be proven, not just promised.

CoinDCX Founder Called $44M Hack An "Audit"—Users Demand Truth

Gresha K — Tue, 22 Jul 2025 17:16:48 +0000

On 19th July 2025, CoinDCX, one of India's largest crypto exchanges, faced a moment of reckoning—a sophisticated security breach that led to a loss of about $44 million in operational funds.

More controversial than the hack itself was how the situation was communicated to users: the founder and top management initially framed the incident as “just an audit,” obscuring the true scale and nature of the crisis.

This article examines how CoinDCX’s leadership handled the incident, the impact of their messaging, and vital lessons for crypto platforms, users, and the entire industry. You’ll learn why words matter as much as actions—and how trust, once gone, is challenging to regain.

What Happened: The Timeline of the CoinDCX Hack

The Breach Unfolds
On July 19, 2025, CoinDCX suffered a significant hack. Attackers targeted an internal operational wallet used for liquidity, exploiting server-side vulnerabilities. Around $44 million worth of crypto was drained in systematic transactions, routed through blockchain bridges and mixers for obfuscation.

The First Public Response
Instead of an immediate, clear disclosure, CoinDCX’s founder and official channels referred to the situation as a routine “audit” or “maintenance activity.” For nearly 17 hours, there were no public admissions of a hack, despite users noticing restricted platform activity and failed withdrawals.

This initial downplaying sparked confusion and alarm. Rumors surged on social media as independent blockchain sleuths like ZachXBT uncovered evidence of large, unexplained fund outflows.

Why Downplay? Analyzing the “Audit” Narrative

Possible Motives Behind the Messaging

Panic Avoidance : Management may have tried to avoid triggering panic, massive withdrawals, or negative headlines during their internal investigation.

Reputation Risk: Presenting the breach as an “audit” could have been seen as safer PR, buying time to assess the damage privately.

Regulatory Sensitivity : In India’s tightly monitored crypto landscape, the founder might have feared regulatory backlash if the news were mishandled.

However, the delay and euphemistic language ultimately backfired, undermining confidence even further.

Immediate Impact on User Trust
Once the true nature of the incident emerged—through investigative tweets and blockchain analysis—it became clear that the actual risks had been downplayed. Many users expressed anger about the delayed admission and lack of clarity, demanding direct answers about their funds and the company’s recovery plan.

FAQs: What Users Still Want to Know

Was My Money Safe?
According to CoinDCX, customer funds were in “cold storage” and unaffected by the hack, but withdrawal restrictions frustrated many account holders. Always check for independent PoR (Proof of Reserve) before trusting such assurances.

Why No Immediate Transparency?
The founder’s decision appears to be rooted in crisis PR strategy and regulatory worry. Industry best practices suggest early, honest disclosures are better for long-term trust.

Is This Unique to CoinDCX?
Sadly no; several global exchanges have tried to spin or delay bad news, but blockchain’s open records and vigilant communities usually uncover the truth sooner or later.

Expert Opinions: Why Transparency Matters in Crypto

Crypto operates on trust and verifiable proof. Exchanges serve as custodians of billions in digital value and must model transparency, not just in technology but in crisis communication.

Industry experts suggest the following:

Immediate Update: Users deserve real-time alerts about any breaches, no matter how uncomfortable.

On-chain Proofs: Transparent, live Proof of Reserve audits and wallet disclosures should be routine.

Accountable Leadership: Founders set the tone. What they say—and what they fail to say—shapes platform reputation, often more than technical safeguards.

Lessons for CoinDCX and Crypto Users

CoinDCX’s founder’s decision to call a $44 million hack “just an audit” provides a cautionary tale—one that reverberates across India’s budding crypto ecosystem. Words have power: in downplaying the incident, management risked the very trust their platform depends on.

If you’re a platform user, demand clear, prompt updates from any crypto service you use. For platforms and founders, let this be the moment to raise the standard: make transparency your strongest security, not just your best PR.

The $44M Crypto Hack: Can CoinDCX Really Cover the Loss?

Gresha K — Mon, 21 Jul 2025 19:57:48 +0000

On July 19, 2025, CoinDCX—a leading Indian crypto exchange—suffered a sophisticated breach of an internal operational account used for liquidity provisioning, leading to a reported loss of approximately $44 million (around ₹368–378 crore). This incident has raised serious questions among users, investors, and the broader crypto community about the company’s financial resilience and its ability to absorb such a significant hit.

1.CoinDCX’s Official Statement on Covering the Loss

Company Response
CoinDCX’s leadership, including co-founders Sumit Gupta and Neeraj Khandelwal, has publicly confirmed the hack and repeatedly stated that the loss will be covered entirely by the company’s own treasury reserves. They emphasized that no customer funds were affected, as user assets are segregated and stored in secure cold wallets.

Nature of the Compromised Account
The affected wallet was for operational liquidity, not for direct user deposits or withdrawals. The exchange immediately isolated the compromised account, temporarily suspended certain services, and clarified that all user wallet infrastructure remained intact and untouched by hackers.

2. Financial and Insurance Buffer

Treasury Reserves
CoinDCX states that their “treasury remains healthy” and capable of covering the nearly $44M loss without impacting users.

The firm reiterated its intent to absorb the full financial impact from internal reserves, with public statements stressing that covering such hacks is a core responsibility.

3. Investor Protection Fund
CoinDCX operates a Crypto Investors Protection Fund (CIPF)—worth ₹50 crore (around $6 million)—intended to safeguard user assets in rare scenarios, such as hacks affecting customer wallets. However, since the July 2025 breach affected only an internal operational account, this fund’s use has not been triggered for this incident.

The CIPF receives 2% of CoinDCX’s brokerage income annually, with an expectation that the fund size will be increased over time to match international standards and growing platform volumes.

4. External Custody and Insurance
CoinDCX's user assets in cold storage are reportedly backed by insurance via BitGo, providing up to $100 million in coverage against external theft or loss. However, this insurance is targeted toward customer assets and not necessarily the company’s own operational or treasury funds.

5. Skepticism and Calls for Proof of Reserve
The crypto community, as well as some investigative journalists and independent researchers, continue to demand greater transparency. Many have asked for verified on-chain Proof of Reserve behind CoinDCX’s treasury claims, especially given the high-profile nature of the loss and historic under-reporting in the sector.

To date, CoinDCX has not publicly released detailed, real-time proof-of-reserve information or disclosed the precise addresses of operational or cold wallets. However, senior executives claim all commitments to cover the loss are factual and fully documented, with ongoing communication to users and regulators.

6. Business and Regulatory Continuity
Following the hack, the company reported that INR withdrawals and core trading services remained operational, suggesting sufficient liquidity and immediate solvency.

CoinDCX has pledged further security enhancements, a bug bounty program, and continued cooperation with cybersecurity investigators to increase confidence and accountability.

Conclusion

CoinDCX has publicly committed to covering the entire $44 million loss from its own reserves, without dipping into customer holdings or seeking external bailouts. While the company’s strong statements and continued platform operations offer reassurance, the absence of live, on-chain proof has led to sustained scrutiny from some users and watchdogs.

For now, all available evidence from the company and recent news reports points to CoinDCX’s ability and willingness to absorb the loss, though the community continues to press for independent verification and further transparency as the story develops

CoinDCX $44M Hack Exposed: Did ZachXBT Force a Public Disclosure?

Gresha K — Mon, 21 Jul 2025 19:48:43 +0000

In an industry built on blockchain transparency, the recent CoinDCX security breach triggered conversations not just about their technical vulnerabilities but also about trust, crisis communication, and the evolving watchdog function of independent crypto researchers.

For CoinDCX, India's prominent crypto exchange, the episode raised tough questions: Did they willingly disclose security lapses, or was their hand forced by external actors? At the heart of this controversy is ZachXBT, a renowned blockchain sleuth whose investigation shone an early spotlight on the incident—before CoinDCX issued any public acknowledgment.

This blog explores the timeline of the breach’s disclosure, the pivotal role played by independent investigators, and the larger implications for transparency standards in crypto.

The Timeline: What Really Happened?

The Security Breach
On 19 July 2025, CoinDCX experienced a significant breach. Hackers accessed an internal operational wallet, exploiting server-side vulnerabilities—the result was the theft of approximately $44-45 million in digital assets. At first, users and the wider crypto community noticed only disruptions: halted Web3 trading, sudden restrictions, and vague “maintenance” messages.

Delayed Official Acknowledgment
Questions began to surface about when exactly CoinDCX management detected the hack and how long they waited before speaking up. Details emerged of a 17-hour delay from the time of the initial compromise to when public and user-facing statements appeared. Such a gap is material; in the fast-moving world of crypto, hours—let alone nearly a full day—can see stolen funds moved, laundered, or lost forever.

Enter ZachXBT
ZachXBT, a pseudonymous but highly respected blockchain investigator, was the first to bring concrete details to light. By tracing suspicious blockchain flows and communicating with industry insiders, ZachXBT pieced together the movement of hacked funds—posting on social platforms the evidence of a substantial security incident at CoinDCX. This public thread alerted not only the broader crypto community but also mainstream media, prompting urgent questions to the CoinDCX team.

CoinDCX’s First Statements: Reactive, Not Proactive
Confronted by the social media buzz and imminent press coverage, CoinDCX issued an official acknowledgment of the hack only after ZachXBT’s post gained viral attention. The company stated that customer funds in cold storage remained safe, attributed the attack to “server-side vulnerabilities,” and promised corrective action. However, questions lingered:
Why was the breach not disclosed directly and quickly to users?
Who was the real first source of this information?
Why Does the Order of Disclosure Matter?

Setting Industry Expectations
In financial sectors, especially crypto, firms are expected to report breaches and hacks promptly—ideally informing users before rumors and online investigators break the news. Transparency in crisis situations builds trust; delayed or reactive disclosures can fuel suspicion that incidents are being minimized, spun, or even covered up.

Customer Impact

CoinDCX users reported panic and confusion during the initial 17-hour window. Some could not withdraw funds, while others questioned if their assets were at risk. Lack of clarity directly affected user confidence and trust, which are critical in an ecosystem where asset custody is still fundamentally about faith in the exchange operator.
Regulatory Implications

Indian regulators and international observers monitor such incidents keenly. When exchanges appear slow or evasive in disclosing hacks, it raises concerns about their governance, auditing standards, and willingness to adhere to forthcoming compliance norms.
The Role of ZachXBT: Watchdog or Catalyst?

Who Is ZachXBT?

ZachXBT is an independent, pseudonymous investigator known for forensic blockchain analysis. Operating across Ethereum, Solana, and other blockchains, he has uncovered some of crypto’s largest exit scams, DeFi exploits, and exchange hacks. His approach combines wallet tracking, social media open-source intelligence, and community-sourced tips.

How Did ZachXBT Reveal the CoinDCX Hack?

By monitoring blockchain flows, ZachXBT identified suspicious, large-sum transactions emanating from wallets tied to CoinDCX’s operational accounts. He posted transaction hashes, explained the likely exploit pattern, and tagged major industry players—including competing exchanges and cybersecurity firms—to confirm findings. Suddenly, what had been a contained internal crisis became a public spectacle.
Implications for Exchange Transparency

ZachXBT’s posts forced CoinDCX’s hand. His transparent sharing of wallet addresses, amounts, and movement paths created a pressure-cooker environment for DCX’s management. In effect, the company could either issue its own version of events (however limited) or allow the narrative to be controlled entirely by third parties.
Lessons for the Crypto Industry

Reactive Disclosure Erodes Trust
Users expect to hear about hacks and risks from the platform itself—not from any Twitter accounts, no matter how credible the source. By failing to set the narrative, CoinDCX lost control over how the breach was perceived and managed.
Independent Investigators Make Secrecy Impossible
Blockchain’s openness is both a feature and a curse for exchanges trying to manage optics. Any attempt at delay or spin risks exposure from persistent, skilled, and often independent researchers like ZachXBT, who can analyze on-chain data nearly in real time.
Proof-of-Reserve and Wallet Transparency
The episode reignited calls for live proof-of-reserve systems and full disclosure of operational and cold storage wallet addresses. Only through regular and open wallet audits can exchanges regain the trust lost after such incidents.
Regulation and Mandatory Reporting
The CoinDCX incident provides ammunition for those pushing for stricter, regulated disclosure mandates in India and beyond. Just as public companies must report hacks and breaches in traditional finance, so too should crypto exchanges be required to notify users immediately and with specifics.

Proactive Transparency: A Competitive Advantage

In the wake of consecutive mega-hacks globally, exchanges that prioritize radical transparency set themselves apart. Proactive disclosure allows firms to get ahead of rumor—demonstrating integrity, responsibility, and respect for their customers and the ecosystem at large. Reactive or forced admissions, especially those prompted by external watchdogs, will increasingly be seen as proof of poor governance and a lack of credible crisis planning.

Conclusion

The CoinDCX hack—and its belated public acknowledgment—reinforces a hard truth: in the era of open blockchains and vigilant independent researchers, silence and secrecy only compound reputational damage.

ZachXBT’s early revelations functioned as a catalyst for transparency, turning what could have been an internal narrative into an industry-wide lesson. For CoinDCX, and every crypto platform, the line between proactive and forced disclosure now defines not just PR strategy, but core business trust.

If the crypto world is to mature, platforms must move beyond the minimum—embracing open, prompt, and honest communication not just when forced, but as a principled standard, day in and day out.

They Lost $234M Overnight—But WazirX Refused To Give Up

Gresha K — Mon, 21 Jul 2025 05:28:23 +0000

Last year on 18th July 2024, India’s largest crypto exchange got hit by a storm.

A coordinated cyberattack targeted WazirX’s systems, draining digital assets worth $234 million. Withdrawals were frozen, panic spread, and trolls had a field day. To many onlookers, it felt like the end of the road.

But 12 months later, WazirX is still here — standing, speaking, and most importantly, preparing to repay its users. This isn’t a story of survival, it’s a rare sight in the volatile world of crypto.

Here’s how they did it, and why this approach stands out in the crypto industry.
The Immediate Response

After detecting the breach, WazirX:

Paused all activity to stop further damage
Notified users and authorities quickly
Began working with cybersecurity firms
Identified the losses and started a full audit

Instead of avoiding blame or going quiet, the exchange acted with urgency.

The Legal Path to Recovery

WazirX’s Singapore-entity, Zettai, chose to go through the Singapore court system to create a legal repayment plan.

This process included:

Writing a detailed proposal for affected users
Allowing users to vote on the plan
Filing everything formally in court

93% of users who voted were in favor.
However, in June 2025, the court rejected the initial version over some regulatory concerns.

Instead of giving up, the team made changes and submitted new information.

In July 2025, the court agreed for the amendments and has now allowed a second vote to move forward.

Security Overhaul

After the hack, WazirX also focused on strengthening its internal systems.
By early 2025, the company had:

Improved its asset custody system
Added better risk controls
Completed third-party audits
Met compliance standards in Singapore

These changes show that the company was proactive about preventing any future incidents.

Keeping Users Involved

One of the most important parts of the recovery was user participation.

A Committee of Creditors was formed to oversee the recovery plan
Voting was conducted in a transparent way

Updates were shared regularly through blogs, in-app updates, and social media

FAQs and customer support channels were active

This open approach helped users feel involved and informed.

Why This Matters

In most cases, crypto platforms that are hacked either shut down or take years to respond.

WazirX chose to:

Stay visible and transparent
Follow legal procedures
Involve users at every step
Work with regulators and courts That approach is not only rare — it sets a standard for how crypto businesses should act in times of crisis.

The Next Step

If the final vote is approved, users could receive a part of their lost funds in the coming weeks.
This would make WazirX one of the few exchanges in the world to carry out a recovery this large — within a year — and through a legal, court-approved process.

Conclusion

The WazirX recovery is not just about fixing what went wrong.
It’s about doing what’s right — and showing that trust can still be earned in crypto.
That’s a message the industry — and its users — need now more than ever.