Imagine a phoenix, not quite rising from ashes but rather poking its head out of a digital dumpster fire. WazirX, India’s beloved crypto playground, is staging a dramatic return after a yearlong spa session-courtesy of a hacker’s midnight snack attack. Now, it’s flashing its shiny new armor and promising better, safer, and possibly more entertaining days ahead. 🤡🚀
The grand announcement came with all the pomp and court-approved circumstance: on 15 October 2025, the saga of financial salvation was officially filed with ACRA-because nothing says “trust us” like legal paperwork sealed with a bureaucrat’s stamp. Apparently, the platform is on a mission to turn its reputation from Swiss cheese to gold-plated resilience. 🧀➡️💰
tribe!
We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025.
The conclusion of the court proceedings and the filing of the order with ACRA paves the way for the…
– WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 16, 2025
WazirX Embarks on the Opera of Implementation – Act I
With court curtains drawn and official signatures inked, WazirX is now waltzing into the implementation phase-think of it as the platform’s version of “after-party recovery.” Users will soon start receiving distributions and Recovery Tokens, because nothing says “we mean business” like handing out new digital tickets to the trust train.
Forecast? Within 10 business days of the magic date, October 15, 2025, the platform vows to reboot its service-because even tech companies know the importance of a timely comeback. Founder Nischal Shetty assures everyone they’re sprinting faster than a caffeinated cheetah to meet that deadline, aiming to restart even sooner if possible. 🏃♂️💨
The final “surprise” date remains under wraps, but expect an official announcement once the digital confetti settles.
The ACRA filing in Singapore was completed yesterday, 15th October, marking the scheme’s effective date!
As per the scheme, we need to restart @WazirXIndia before 30th October.
The team is working at full speed to make this happen, and we’re aiming to get it done even…
– Nischal (Shardeum) (@NischalShetty) October 16, 2025
This theatrical comeback is backed by the Singapore High Court’s approval of a debt restructuring plan. A hefty 95.7% of creditors voted “Yes,” turning what could have been a liquidation tragedy into a legally binding phoenix rising story. It’s like going from “game over” to “game on,” but with more legal jargon.
Not just reheating its former glory, WazirX is teaming up with U.S. custodian BitGo-because even a rebellious crypto exchange needs a bodyguard. This partnership aims to make assets safer than your grandma’s cookie jar, all while playing by new regulatory rules and showing the world it’s serious about security.
And just for the drama fans: WazirX plans to launch a decentralized exchange, issue Tradeable Recovery Tokens, and buy back those tokens periodically-because nothing says “trust” like buying your own tokens with platform profits. It’s crypto inception, really.
Trust Restored or Just a Good Guess?
Most folks will probably recover their funds-or so the company hopes. But true trust hinges on how transparently they operate from here on out. Nail it, and WazirX might just become the poster child of comeback stories-proof that even after spectacular screw-ups, the improbable can happen. Or at least, that’s the fantasy. 😎🔥
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2025-10-16 17:42