The Singapore High Court has directed the opposing creditors in Wazirx to file a new expert affidavit under Indian law after the previous filing was found to be non-compliant. The instructions were issued during the September 3rd hearing in the case of HC/Sum 940/2025. In particular, the Wazirx team called attention to development in today's tweet.
Court orders and deadlines
At the hearing, the court held that expert affidavits filed by a particular creditor known as “related nonpartisans” did not meet the previous requirements and must be replaced. The exchange affidavit is scheduled for September 19th by 12pm (9:30am).
Related: Wazirx Hack explained: What happened and what next
If submitted on time, Zettai Pte Ltd (Wazirx's Singapore registered parent) must submit a response affidavit by 2pm (11:30am) on September 22nd. Both parties will then be required to submit written legal discussions until 2pm on September 26th (11:30am IST).
In particular, there are no follow-up hearings scheduled yet. Wazirx says these procedures only apply to related non-part and zettai, and that regular users of the exchange do not need to take action at this time.
“We will update our community as soon as the next hearing date is confirmed,” Wazirx said in the update. The company also acknowledged the enthusiasm of users waiting for the platform to reboot, and said it is still committed to providing updates throughout the process.
The struggle after the Hack of Wajirux
Wazirx, one of India's leading cryptocurrency exchanges, was hit by a major cyber attack in July 2024 when North Korean hacking group Lazarus released around $234 million from its wallet.
In January, the Singapore High Court initially approved a restructuring plan proposed by Zettai Pte Ltd, Wazirx's parent company. This includes a combination of cash distribution and recovery tokens to compensate affected users.
However, the court later refused to sanction the plan in June, citing concerns about its structure and disclosure. Wazirx has since obtained permission from Revote on the revised scheme, and the court has extended its suspension on creditor claims until September 16, 2025.
Related: Wazirx Schedule July 30 Creditors will vote again according to the revised recovery plan
The restructuring dispute delayed the planned resumption of user repayments and Wazirx operations. Wazirx previously warned that repayments could be delayed until 2030 if the restructuring plan is not approved.
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