- Singapore High Court orders opposing creditors to refile affidavit by Sept. 19.
- Zettai must respond with a reply affidavit by Sept. 22.
- Written submissions from both sides are due on Sept. 26; no new hearing date yet.
The Singapore High Court has directed opposing creditors in the WazirX case to submit a new expert affidavit under Indian law after their earlier filing was found non-compliant. The instructions were issued during a hearing on September 3 in case HC/SUM 940/2025. Notably, the WazirX team called attention to the development in a tweet today.
Court Directives and Deadlines
At the hearing, the court ruled that the expert affidavit submitted by certain creditors, referred to as the “Relevant Non-Parties,” did not meet its earlier requirements and must be replaced. The replacement affidavit is due by September 19, 12 p.m. SGT (9:30 a.m. IST).
Related: WazirX Hack Explained: What Happened & What’s Next
If filed on time, Zettai Pte Ltd (WazirX’s Singapore-registered parent) must file a reply affidavit by September 22, 2 p.m. SGT (11:30 a.m. IST). Both sides are then required to submit written legal arguments by September 26, 2 p.m. SGT (11:30 a.m. IST).
Notably, no follow-up hearing has yet been scheduled. WazirX says these steps apply only to the Relevant Non-Parties and Zettai, and that regular users of the exchange do not need to take any action at this time.
“We will update the community as soon as the next hearing date is confirmed,” WazirX stated in its update. The company also acknowledged the eagerness of users awaiting the restart of its platform and said it remains committed to providing updates throughout the process.
WazirX’s Post-Hack Struggle
WazirX, one of India’s leading cryptocurrency exchanges, suffered a major cyberattack in July 2024 when the North Korean hacking group Lazarus drained approximately $234 million from its wallets.
In January, the Singapore High Court initially approved a restructuring plan proposed by WazirX’s parent company, Zettai Pte Ltd, which included a mix of cash distributions and recovery tokens to compensate affected users.
However, the court later declined to sanction the scheme in June, citing concerns over its structure and disclosure. WazirX subsequently obtained permission for a revote on an amended scheme, and the court extended the moratorium on creditor claims through Sept. 16, 2025.
Related: WazirX Schedules July 30 Creditor Re-Vote As Per Amended Recovery Plan
The restructuring dispute has delayed repayment to users and the planned restart of WazirX’s operations. WazirX previously warned that if restructuring plans were not approved, repayments might be delayed until 2030.
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