WazirX Issues Recovery Tokens to Eligible Users Under Ongoing Restructuring Scheme

• WazirX has issued Recovery Tokens to eligible users.
• The tokens were issued within the 60-business-day restructuring timeline.
• Buybacks occur every 3 months if recoveries exceed the $10M threshold.

WazirX restarted operations on October 24, 2025, after a major hack in 2024 that wiped out $234.9 million in digital assets. The relaunch began with zero-fee trading for 30 days and a phased return of INR trading pairs, starting with USDT.

The restart marked the first step under the court-approved restructuring scheme. The priority was simple: to reopen the platform, restore basic trading, and begin user recovery.

First Distribution Covered Most Claims

Within 10 business days of reopening, WazirX completed its First Distribution. Eligible users received roughly 85% of their Approved Claims, valued at the reference pricing date defined under the Scheme.

This payo…

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