Crypto Exchange WazirX Awaits Judicial Nod Following Major Creditor Vote

Indian crypto exchange WazirX is nearing a comeback after 95.7% of its creditors, representing $195.7 million in claims, approved an amended restructuring plan.

The vote, verified by Alvarez & Marsal and organized by parent firm Zettai Pte Ltd. Followed a Singapore High Court ruling that extended WazirX’s moratorium and allowed the new proposal. Under the scheme, recoveries will be distributed through Zanmai India to ensure compliance and transparency.

WazirX has now filed for final court sanction; if approved. The platform expects to restart operations and begin creditor distributions within 10 business days.

Clever Robot News Desk 19^th August 2025