If you’ve been waiting for months—or even over a year—for news about getting your WazirX crypto back, you’re not alone. The exchange’s cyberattack in July 2024 affected countless users, freezed trading and leaving many in uncertainty.
After certain hurdles faced during the whole restructuring process, there’s hope again: WazirX has announced a revote on its Amended Scheme of Arrangement. This court-approved plan is designed to give users their funds back, and your vote plays a crucial role in making that happen as quickly as possible.
This blog breaks the process down for everyone—no complicated legal terms, just everything you need to know to make an informed choice and, hopefully, reclaim your crypto soon.
What Is the WazirX Amended Scheme Revote?
The Problem So Far
In July 2024, WazirX faced a cyberattack, leading to lost assets along with paused trading activities on the platform.
WazirX’s original Restructuring Scheme was reviewed by the Singapore High Court, and updates were requested to fit new crypto regulations and make the process fairer and faster for users.
With the exchange operating in a new legal environment, and after Singapore High Court’s regulatory concerns, WazirX created an amended scheme—a better, more secure roadmap to restart fund recovery.
The Solution: Amended Scheme Revote
The amended scheme now needs user approval (a YES vote in majority) to allow WazirX to return user funds, reopen services, and bring its platform back in compliance with Indian and Singaporean regulations.
What’s Changed in the New Plan (and Why It’s Good for Users)
Payout Managed Locally in India
Once the amended Scheme is sanctioned, WazirX’s payout process will be controlled by Zanmai Labs (the India-based company), so Indian users get local legal protection and payouts handled within the country. This means fewer hurdles and more direct communication when it comes to getting your funds.
Clear and Fast Timelines for Payouts
Once the majority YES vote passes and courts approve, users could see distributions of tokens (their crypto) drop into their accounts within 10 business days after court approval. That’s way faster than similar recovery cases that often drag on for years.
All Users Get to Vote, and Every Vote will be Verified
The voting process is transparent:
Open to all eligible scheme creditors (users affected by the hack).
Votes will be verified by an independent party, so your voice really counts and results can’t be tampered with.
Townhall Meetings and Q&A for Everyone
WazirX will be holding a townhall on 30th July 2025 to explain the plan, answer your questions live, and help everyone understand the updated Scheme.
After the user vote, results will be checked independently, then presented to the court, ensuring user interests are put first at every step.
The Voting Timeline—What to Expect
Townhall & Q&A: WazirX will first hold a townhall on July 30, 2025 to walk users through the new amended scheme and answer questions.
- Voting Opens: July 30, 2025, at 7:30 PM IST.
- Voting Closes: August 6, 2025, at 7:30 PM IST.
- Results Sent to Court: After verification done by Independent
- Assessor, voting results go to the Singapore High Court for final approval.
- Fund Distribution Begins: If the scheme is sanctioned, users get paid (tokens returned) within 10 business days after court approval.
What Do Users Need to Do?
Check Eligibility: If you were not able to access your assets due to the cyberattack, you’re a “scheme creditor” and eligible to vote.
Stay Informed: Read the detailed documents(add the link from the official blog) join the townhall, and use WazirX’s support if you have questions.
Vote “YES” to move recovery forward and unlock your funds.
Watch for Updates: After the vote, keep an eye on your email and account for payout timelines and news about relaunch.
Why Voting YES Matters
Unlocks Payouts Quickly: The scheme is designed to send out the first round of tokens to users within just days after court sign-off.
Restarts the Platform: YES votes mean WazirX can restart, so you can soon trade, withdraw, or use your crypto as you like.
Keeps Control Local: The new plan puts payouts and compliance in Indian hands, making the whole process more transparent, accountable, and accessible.
Sets a New Trust Benchmark: Supporting this scheme shows that the WazirX community can stand together and move forward—even after the worst happens.
FAQs—Simple Answers to Common Questions
What happens if I don’t vote or vote NO?
Without majority support, recovery gets delayed, and funds could stay stuck for much longer. The YES vote is the fastest route to payout.
How much of my crypto will I get back?
Most users will get 85% of their historical portfolio value in the form of tokens, with the rest in Recovery Tokens redeemable as WazirX recovers and the business grows.
Is the voting process fair?
Yes—independent assessor will count the votes, and the whole process is monitored by the court.
Can I withdraw or trade right after the YES vote?
Not immediately, but as soon as payouts are credited (within 10 business days of court approval), the platform aims to reopen for everyone.
What if I have questions or face issues?
Join the official WazirX townhall or contact the support team via the links provided in WazirX’s FAQs and blog.
Benefits of the Revote
Why Now Is the Time for Optimism
WazirX’s amended scheme revote is more than just a procedural step—it’s the community’s shot at a fresh start, rebuilding trust, and taking control of its financial future. The plan is straightforward, fair, and ready to go. By voting YES, users not only speed up their own fund recovery, but also help set a new standard for transparency and community-driven decisions in Indian crypto.
Let your voice be heard, claim your funds, and take part in rebuilding WazirX—together.
Have any questions?
Join the townhall, check the blog, or reach out to WazirX support.
The moment is here—let’s make it count.
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