Wazirx Bounces Back: Court Drama, Crypto Chaos, and Comebacks!

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️India’s crypto circus is back in town, and Wazirx is stealing the spotlight with a recovery plan so slick, it could make a cat burglar blush. Yes, folks, user access, token distributions, and a platform relaunch are all on the menu-served up in just 10 business days. Bon appétit! 🎪

Wazirx’s Grand Scheme: Because Drama Deserves a Sequel

In a plot twist worthy of a Bollywood blockbuster, Indian crypto exchange Wazirx has officially filed its sanctioned Scheme of Arrangement with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. That’s right, the paperwork is done, the i’s are dotted, and the t’s are crossed. Or at least, let’s hope they are. 🙏

In a tweet that probably took hours to craft (and longer to spell-check), Wazirx announced: “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 exchange also dropped this gem:

The Wazirx platform will restart within 10 business days from the Scheme’s effective date of 15 October 2025.

But wait, there’s more! Wazirx added: “The conclusion of the court proceedings and the filing of the order with ACRA paves the way for the implementation phase – where users will receive distributions and Recovery Token under the Scheme.” Because nothing says “We’re back!” like a shiny new token. 💰

Now, let’s rewind to July 2024, when Wazirx had a bit of a “whoopsie.” A major security breach led to the theft of approximately $230 million in digital assets. That’s right-$230 million. Poof. Gone. 🪄 The attackers made off with SHIB and ETH, and apparently, they were very efficient because they didn’t even leave a note. Some speculate the notorious North Korean Lazarus Group might have been behind it, because why settle for boring hackers when you can blame international intrigue?

FAQ 🧭 (Because Everyone Loves Answers)

  • What does Wazirx’s court-approved Scheme of Arrangement mean for users?
    It means you might actually get your money back. Or, at the very least, a token that says “We’re sorry.”
  • When will the Wazirx platform relaunch for trading?
    Within 10 business days from October 15, 2025. So, mark your calendar. Or don’t. We’re not your boss.
  • How does this impact investor confidence in India’s crypto market?
    Let’s just say it’s a step up from “total chaos” to “cautious optimism.” Baby steps, people.
  • Is Wazirx’s progress a signal of broader regulatory evolution in India?
    Analysts think so. But let’s be honest, analysts also thought Bitcoin would hit $1 million by now. So, take it with a grain of salt.

So there you have it. Wazirx is staging a comeback, and India’s crypto scene is holding its breath. Will it work? Will it fail? Will someone accidentally hit Ctrl+Alt+Del again? Only time will tell. ⏳

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2025-10-17 05:58