For countless WazirX users across India, the past year has been a test of patience and faith. After the 2024 cyberattack put a hold on trading and investing activities on the platform, hopes faded and doubts grew.
But now, the story is turning—in the form of an amended scheme forged through court supervision, global compliance, and genuine user feedback. This isn’t just a chance to get your tokens back; it’s a blueprint for a platform that’s more secure, transparent, and accountable than ever.
If you’ve been waiting for a reason to believe again, here’s why voting YES on the new amended scheme is the key to unlocking your funds and helping WazirX—come back stronger in 2025.
How Did WazirX Get Here? A Quick Recap
In July 2024, WazirX was targeted by Lazarus Group, one of the most notorious group of hackers known in the world's crypto history. While the platform rapidly involved top security teams and legal experts, the sheer scale and regulatory complexity required a court-led restructuring. Over the past year, WazirX has:
Worked with the Singapore High Court on a legally compliant solution
Gathered intensive feedback from users and regulators
Built a new plan that’s safer, simpler, and best for all users
The result?
An Amended Scheme of Arrangement that puts users’ interests and safety front and center.
The Amended Scheme: What’s New and Why It Works
1. Dual Commitment: Zanmai Labs (India) + Zettai (Singapore)
Zanmai Labs India will directly handle all user payouts and platform operations. This means funds will be managed locally, with full compliance under Indian law and easier, faster access for users.
Zettai Singapore remains the global entity, but with the amended scheme, responsibility is shared and legally enforceable in both India and Singapore. This “dual safety net” is unique and acts as a guarantee you can trust.
2. Next-Level Security and Compliance
Global Standards: The scheme is updated to meet Singapore’s Financial Services and Markets Act (FSM Act, June 2025), and aligns with Indian regulatory best practices.
KYC & AML Improvements: A detailed Know-Your-Customer (KYC) system and strong anti-money laundering checks are in place. That means every payout will be secure, legal, and compliant—keeping the platform safe for all.
Independent Vote Verification: Each user vote will be monitored and validated independently, guaranteeing a fair process without manipulation or error.
3. Transparent Timelines & Real Accountability
Key dates and steps are mapped out for all users:
July 30, 2025: Townhall—team answers your questions live.
July 30–August 6: Voting window—cast your vote, make the right choice.
After verification of votes by Independent Assessor, Results will be sent to the court for final approval.
Within 10 Business Days of Court Sanctioning the Scheme: Tokens distribution will begin.
Every major milestone is public, and users receive real-time updates via email, platform notifications, and the official blog.
4. Full Platform Restart—Safety First
With the scheme approved, WazirX is set to restart as one of the most compliant and user-focused exchanges in India.
New compliance structures and local management mean faster support and renewed public trust for every user.
The restart brings new features, more liquidity, and the promise of a healthier, more robust Indian crypto market.
Turning Lessons Into Action: Why This Comeback Matters
This comeback is about building a brighter, more secure future for everyone in Indian crypto. By voting YES, you’re not only reclaiming your funds; you’re helping set a gold standard for trust and transparency.
A Step-by-Step Summary for Users
Conclusion: Your YES Vote Is Your Power
This is your moment to help WazirX step forward, to turn a crisis into one of India’s biggest comebacks in the digital asset space. The Amended Scheme is built with you in mind—focused on compliance, security, transparency, and real accountability.
Vote YES to unlock your funds, restart the platform, and lead a new era of trust and opportunity for all WazirX users and crypto in India.
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