• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Coin
  • Exchanges
    • Cex Listing
      • Cex Spot
      • Cex Derivatives
    • Dex Listing
      • Dex Spot
      • Dex Derivatives
    • EdaFace Dex
  • Verification Centre
    • Scam Verification
    • List Your Projects
    • EdaFace Launchpad
  • Marketplaces
    • NFT Marketplace
    • Blockchain Literature
    • EdaFace Mall
    • P2P Market
    • Metaverse
  • EdaFace Academy
    • School of Cryptocurrencies
    • EdaFace Newsfeed
    • Digital Clinic
    • EdaFace Tutor
Reading: WazirX Set to Restart Operations Before 30 October, Enters Implementation Phase
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > WazirX Set to Restart Operations Before 30 October, Enters Implementation Phase
Crypto News

WazirX Set to Restart Operations Before 30 October, Enters Implementation Phase

vitalclick
Last updated: October 16, 2025 1:55 pm
4 days ago
Share
SHARE

Contents
WazirX Enters Implementation PhaseRebuilding User TrustTrust with CoinPedia:Investment Disclaimer:Sponsored and Advertisements:Share this crypto insight with your network!

WazirX, India’s crypto exchange, is gearing up for a major comeback, a year after a major hack that shook the platform. The exchange is entering a pivotal phase aimed at restoring user confidence and setting the stage for a fresh start.

WazirX announced that the court-sanctioned Scheme of Arrangement was officially filed with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025. This milestone marks a key step forward in the platform’s journey toward strengthening its operations and user trust.

👋 tribe!

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 conclusion of the court proceedings and the filing of the order with ACRA paves the way for the… pic.twitter.com/j8ciHwKXu6

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 16, 2025

WazirX Enters Implementation Phase

With the conclusion of court proceedings and the filing of the order with ACRA, WazirX is entering the implementation phase. Under this phase, users will begin receiving distributions along with Recovery Tokens as outlined in the Scheme.

Looking ahead, the platform is set to resume operations within 10 business days from the Scheme’s effective date of 15 October 2025, signaling a new chapter for WazirX and its user community.

Founder Nischal Shetty shared that as part of the scheme, WazirX is expected to restart operations before 30 October. He added that the team is working at full speed to make this happen and aims to resume even sooner if possible. 

The exact restart date will be announced next week, once all the preparations are complete.

The ACRA filing in Singapore was completed yesterday, 15th October, marking the scheme’s effective date! ✌️

As per the scheme, we need to restart @WazirXIndia before 30th October.

The team is working at full speed to make this happen, and we’re aiming to get it done even…

— Nischal (Shardeum) 🔼 (@NischalShetty) October 16, 2025

This comes after the Singapore High Court approved its updated debt restructuring plan. Around 95.7% of creditors voted in favor of the revised plan, which provides a faster, fairer, and legally binding alternative to liquidation.

WazirX will partner with U.S.-based custodian BitGo to enhance the security of user assets ahead of its platform relaunch. This partnership is designed to boost user confidence while meeting updated regulatory and security standards. 

The exchange will also launch a decentralized exchange (DEX), issue tradable Recovery Tokens, and implement periodic buybacks of these tokens using platform profits and new revenue streams.

Rebuilding User Trust

While most users are expected to recover their funds, restoring trust will depend on how transparently and efficiently the exchange operates in the coming weeks. If WazirX succeeds, it could help restore confidence in Indian crypto exchanges overall, showing that even after major setbacks, platforms can recover responsibly.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Share this crypto insight with your network!

You Might Also Like

Double Bottom Pattern Hints at Breakout Above $67000

CEO Alex Mashinsky to Face 20 Years in Prison

XRP Buy Alert! $213 Million Outflow from Exchanges

The first time: Turkish company creates crypto currency reserve

Ripple’s XRP Breaks 2018 Record After Trump’s Historic Crypto Law

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Insider Who Shorted Tariff Crash Returns, Bets $127M on Bitcoin Ahead of Trump’s Announcement
Next Article Hot Development: Chainlink (LINK) Makes History, A First in the Cryptocurrency World
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?