Hope on the Horizon for WazirX Users

Court Hearing Set to Decide Fate of Frozen Funds

$230M Hack Shattered Trust

After months of silence and uncertainty, WazirX users may finally see progress. On May 13, 2025, the Singapore High Court is set to review WazirX’s long-awaited recovery and restructuring plan, a potential turning point following the platform’s devastating $230 million hack in July 2024.

The attack, attributed to North Korea-linked Lazarus Group, led to a sudden freeze of over ₹2,500 crore in user funds and a complete halt in trading, leaving users locked out and faith in the platform severely damaged.

Court to Decide on 85% Fund Recovery

WazirX’s proposed plan pledges to return 85% of users' stolen assets, based on their holdings at the time of the breach. A recent user poll revealed overwhelming support, with 93.4% voting in favor of the plan.

If approved by the court, payouts could begin within 10 business days, offering long-awaited relief to thousands impacted by one of the largest crypto exchange hacks in India’s history.

Uncertainty Lingers for Remaining 15%

While optimism rises, concerns remain. 15% of the stolen funds still lack a defined recovery timeline, leaving many users in limbo. WazirX has not provided clear details on whether or when this portion will be reimbursed.

Despite this, the upcoming hearing marks a significant milestone—a chance to restore trust and begin healing the damage inflicted on India's largest crypto trading community.

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