WazirX Gets Court Approval to Repay 80% Funds, But 4-Month Delay Sparks New Allegations – What It Means for WazirX customers

As per media reports, the WazirX crypto exchange secured regulatory approval from the Singapore court to repay customer funds but some crypto X users raised big concerns against WazirX’s hidden move.

On 23 Jan 2025, Many media reports confirmed that the WazirX crypto exchange secured regulatory approval from the Singapore court to proceed with its plan to recoup top of customers’ funds back.

Many WazirX customers called it a great development for the WazirX creditors, but some crypto influencers noted that the WazirX leadership was trying to mislead the customers again, as they asked for a more 4-month date extension for this plan.

Just 15 minutes ago, from the time of the publication of this news report, the WazirX exchange officially confirmed this news and stated that they are now ready to follow the next step, to allow the customers to vote for the exchange’s restructuring scheme.
Statements by the Wazirx team tried to show that they’re going to do the whole work within the next few weeks but it will be interesting to see the clarification by the Wazirx leadership on these allegations.

A crypto Tax expert also shared his thoughts on this court approval and indirectly said that the court did an injustice to the WazirX customers.

Following this news regarding the WazirX crypto exchange, the trade price of WazirX’s native token, $WRX, increased by 6%. Notably, the trade price of this token is 30% higher over the last 7 days of the period.

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