WazirX, one of India’s prominent cryptocurrency exchanges, has announced that it is prepared to resume operations following a crucial court hearing scheduled for May 13. The exchange revealed that, pending approval of its restructuring proposal by Singapore’s High Court, it could begin compensating affected users and restarting services within just 10 days.

The announcement brings renewed hope to thousands of users who have faced uncertainty since the platform suspended certain operations amidst regulatory and operational challenges. The proposed restructuring aims to stabilize the platform’s infrastructure, improve compliance, and restore user trust.

WazirX’s swift response and readiness to act immediately upon legal approval indicate a strong commitment to accountability and revival. If approved, the move could signal a significant step forward for the broader Indian crypto ecosystem, which has faced scrutiny and setbacks in recent years.

Investors and crypto enthusiasts are now closely watching the court proceedings, which could determine the future of one of the region’s most recognized crypto brands.