The Singapore Court has rescheduled the WazirX hearing to July 15, 2025, due to the requirement to assess new documents related to the company's restructuring plans.
Change of Hearing Date
The hearing for WazirX, initially set for July 10-11, 2025, will now take place on July 15, 2025, at 7:30 AM IST, with a reserve date of July 16. This information was confirmed by WazirX in a recent post on platform X.
Court Requirements for WazirX
The court has directed WazirX to submit a supplemental affidavit and written submissions by July 4, 2025, indicating a desire to review new documentation before the hearing. WazirX has not disclosed specifics but stated they are waiting for information regarding attendance at the hearing.
Company User Issues
Despite procedural progress, WazirX has not publicly acknowledged the $234 million hack that caused significant user losses. Questions regarding compensation and transparency during the restructuring process continue to arise from users. Additionally, 93% of voting creditors approved WazirX's restructuring plan, yet co-founder Nischal Shetty has remained silent, disregarding user requests on his social media.
The July 15, 2025 hearing could be a pivotal moment for WazirX and its users. Expectations for compensation and the company's next steps remain uncertain.
