WazirX Creditors to Revote on Amended Scheme Following Singapore Court Order

BTCC / BTCC Square / Global Cryptocurrency /

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2025-07-25 20:25:01

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WazirX creditors will participate in a revote on an amended Scheme of Arrangement from July 30 to August 6, 2025, as ordered by the Singapore High Court. The revote follows regulatory adjustments under Singapore’s Financial Services and Markets Act 2022, which necessitated revisions to the original plan.

Zanmai Labs, an India-based entity, will oversee token distribution if the court approves the updated scheme. Creditors must submit fresh votes, as previous submissions are now invalid. Token disbursements are expected within 10 business days of court sanction.

The amended scheme reflects evolving regulatory frameworks in key crypto jurisdictions. Market participants are watching closely, as the outcome could set precedents for cross-border crypto insolvency proceedings.

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