WazirX Rises: $240M Hack Vanquished! Crypto Zombies Return! 🚀

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In the grand theatre of human folly, where fortunes dance like leaves in an autumn gale, the Singapore exchange hath decreed the rebirth of the fallen Indian titan, WazirX, scarred by a tempest of treachery-a $240 million cyber tempest that nigh swallowed its soul in July of 2024. Ah, the irony of progress! 😂

The founder, Nischal Shetty, like a quixotic hero donning digital armor, doth proclaim that operations shall recommence within ten toil-filled days, as if summoning birds from winter’s grasp. 🚀

Singapore’s ACRA Bestows Blessed Favor Upon WazirX’s Restructuring Odyssey

The once majestic WazirX, India’s colossus of crypto by trading volume, now stirs from its slumber, poised to rekindle the fires of exchange within ten business sunsets. This resurrection follows the solemn submission of its court-endorsed restructuring schema to Singapore’s venerable Accounting and Corporate Regulatory Authority (ACRA) upon the 15th of October-a date etched in the annals like a faded letter from a lost love.

This submission, a symphony of bureaucratic ballet, arrives betimes the High Court of Singapore’s benediction last sennight, with over 95% of creditors casting their votes as peasants in a tsarist poll, thereby sealing the chapter in WazirX’s melancholic saga of revival. Sarky twist, though: only 5% weren’t fooled-kudos to the skeptics! 😏

Recall, dear reader, that the initial proposal was spurned in June 2025, much like a suitor rejected at the manor door, owing to meager creditor muster and procedural knavery. Yet, under this court-anointed pact, users shall reclaim their icy treasures through a medley of crypto baubles, fiat fountains, and mystical Recovery Tokens-phased, lest liquidity’s specter haunt anew. 🤡

This gradual unveiling, a prudent waltz against chaos, permits withdrawals as orderly as a Russian ballet, minus the hackers twirling in. 😂

WazirX hath allied with the global sentinel BitGo, forging a fortress for funds, bolstered by vigilant custody and the eagle eye of third parties-security, at last, with a side of sarcasm! Imagine, custodians watching over bits and bytes like serfs guarding the harvest. 🌽

This joyous tiding doth coincide with crypto behemoth Coinbase’s imperial march into India, fresh from investing in CoinDCX-a tad cheeky, as if one phoenix rises while another flames anew. 🔥

With courtly rites consummated and ACRA’s seal affixed, the era of implementation dawns; users shall partake in distributions and Recovery Tokens, as the scheme decrees-a token of future hopes, or merely monopoly money from the gods? 🚭

The ACRA filing in Singapore culminated yesterday, the 15th October, heralding the scheme’s effective dawn! ✌️

As decreed, we must revive @WazirXIndia ere the 30th October.

The valiant squad labors at fever pitch to manifest this miracle, aiming to excel even…

– Nischal (Shardeum) 🔼 (@NischalShetty) October 16, 2025

Who Shall Claim These Fabled Recovery Tokens?

WazirX, erstwhile leviathan of India’s crypto seas, suspended its voyages following a digital tempest and a precipitous liquidity famine in early 2024. Since, it hath wandered the juridical deserts of Singaporean governance, where its maternal entity lies enshrined-a tale of frozen despair for its loyal throng of 6.6 million souls, captive since the infamous July 18, 2024 breach. 💸

The court’s will, a balm to this protracted frost, grants recipients-those fortunate holders enshrined before the nefarious hack-the right to Recovery Tokens (RTs), disbursed pro-rata as per adjudicated claims. These arcane coins shall endow a sliver of the platform’s prospective bounty, any reclaimed treasures, and perchance, ghostly profits-humorously speculative, like betting on a Tsar’s return! 😂

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2025-10-16 17:14