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coinpedia 2025-06-27 12:39:55

WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope

The post WazirX Hearing Rescheduled to July 15: Singapore Court Sparks New Hope appeared first on Coinpedia Fintech News The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July 15, 2025, at 7:30 AM IST , with a reserve date of July 16 . This follows the court’s recent approval allowing WazirX to present further arguments regarding its restructuring plans. Originally set for July 10-11, the date change was confirmed by WazirX in a recent post on X, offering a small yet significant update to thousands of affected users awaiting clarity. Update on Proposed Scheme of Arrangement The Singapore Court has scheduled the hearing for further arguments in HC/SUM 940/2025 on 15 July 2025 at 7:30 AM IST (10:00 AM SGT) with a reserve date set for 16 July 2025, if needed (instead of 10 July 2025, with 11 July 2025 as… pic.twitter.com/Vp2XWTiCJK — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 27, 2025 Court Directs Filing Before Hearing The court has ordered WazirX to submit a supplemental affidavit and written submissions by July 4, 2025 , indicating a desire to assess new documentation before the hearing. While WazirX has not disclosed specifics, it stated: “We are currently awaiting details regarding attendance at the hearing from the Court, and will share more information when the Court provides us with the details.” Community Still Awaits Answers After $234M Hack Despite this procedural progress, WazirX has yet to publicly acknowledge the $234 million hack that wiped out millions in user funds. Users continue to raise questions about accountability and refund timelines, especially as restructuring inches forward. 93% Creditors Approved Restructuring – But No Word from CEO Earlier this year, 93% of voting creditors approved WazirX’s restructuring plan , a crucial step forward. However, co-founder Nischal Shetty has remained silent , even as users flood his social media asking for updates. The company has offered no reassurance on potential refunds or the roadmap ahead. Why This Hearing Matters This July 15 hearing could be a turning point . The court’s decision will likely influence the platform’s operational future, and whether users see any form of compensation. For now, all eyes remain on the court, as WazirX’s silence continues to frustrate its once-loyal user base.

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