Cryptocurrency exchange WazirX is expected to completely restart crypto withdrawals on its website by mid-April 2025

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This development comes nine months after a virus wiped out about $230 million from one of its wallets

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On December 6, WazirX parent Zettai filed an application with the Singapore court requesting permission to hold a shareholders' meeting

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Meeting will be held to vote on the proposed scheme of arrangement as part of its restructuring plans to compensate its consumers

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Under the proposed scheme, WazirX intends to compensate affected customers by rebalancing and distributing net liquid assets on the network

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They will also share earnings from a hypothetical new decentralized exchange, and pursuing the recovery of illiquid assets on the platform

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As of December 5, 2024, WazirX had $565.7 million in digital assets. Users have filed claims for approximately $546 million against the corporation

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Once WazirX receives judicial & shareholder permission, they will begin distributing liquid assets on the platform within 10 days of the scheme's implementation

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WazirX also stated that it will share a portion of the net earnings created by its new firm, as well as recovered stolen funds and illiquid platform assets, over the next three years

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Last month, Delhi Police detained a guy from W. Bengal in connection with the WazirX hack case, alleging that he created a bogus WazirX account to aid an attack on the platform

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