WazirX Creditors Approve Amended Revival Plan, Await Court Sanction

WazirX, once India's largest cryptocurrency exchange, has cleared a critical hurdle in its bid to resume operations after creditors overwhelmingly backed its amended revival plan. The Singapore High Court now holds the final decision on whether the platform can reopen following last year's devastating $240 million hack.

Creditors delivered a resounding endorsement during the July 30-August 6 voting period, with 95.7% by headcount and 94.6% by claim value supporting the proposal. The participation rate slightly exceeded the first round's turnout, demonstrating growing confidence in the exchange's recovery roadmap.

The approved plan covers 143,190 creditors representing $195.7 million in claims, leaving only a marginal minority opposed. WazirX has published detailed voting records on its platforms, maintaining transparency throughout the restructuring process.