The Honourable Singapore High Court issued an order declining to approve our proposed restructuring plan. While this outcome was not what we anticipated, we respect the Court’s decision and remain fully committed to complying with all legal and regulatory processes.
Our primary focus remains to begin distributions as soon as possible. Towards this goal, we are currently evaluating all available legal options in consultation with our legal and advisory teams, and will be appealing against the decision of the Singapore High Court.
Today’s decision does not impact the NLPA assets, which remain safe.
WazirX has faced challenges before, and each time, we’ve come back stronger.
More updates will follow in due course. We thank our community for their continued support and are committed to being fully transparent.
📢 Update from Court Hearing
The hearing for SUM 940 took place on 13 May 2025 before the Singapore Court. While no orders were made at this stage, the Court has directed the Company to file a further affidavit(s) by 23 May 2025, and extended the existing moratorium to 6 June 2025.
The Court has not yet set another hearing date. The Court will likely make any decision with respect to SUM 940, which includes determining if another hearing is necessary, following the receipt and assessment of the Company’s affidavit(s) due 23 May 2025.
We know many of you are eagerly waiting for the platform restart and first distribution. Please be assured that we are doing everything we can to make this possible under an effective Scheme, and we’ll continue to keep you informed when we receive directions from the Court.
Thank you for your continued support and patience 🙏
@NischalShetty Hame apna paisa kab wapas milega Nishchal..?? April me bol rhe the, ek sal se zhoot hi bole ja rhe ho, funds kab wapas milege ye tweet karo..
You are a scammer @NischalShetty you scammed your community and still try to scam more and more.
Karma chasing you, MF because of you many lives ruined.
You deserve hell scammer
#WazirxScam#WazirX#ArrestNischalShetty
@wiseadvicesumit bhaiji 10,000 rupe nhi bache hai wallet me..aap 10,000$ ki bat kar rhe hai ., agar mere wallet me 10,000 $ aajayege to mai crypto choad dunga.
@NischalShetty bhai pahale sabka Paisa wapas kardo, jitna hai utna, policy ke nam pe Paisa kam mat karo kisika, sabka mehnat ka paisa hai, sabne bharosa karke apke exchange se investment kiya, lekin aap hack ke nam pe Paisa hi gayab kar diye hai.., buybit ko dekho aur kuch sikho
Shared this with the WazirX team today. Thought I should share with all of you too.
7 years ago, WazirX was launched. A lot has happened since then. We're hurt but not out.
We have a lot of work to do, to create more value than what was stolen. Your support will help us make that happen 🙏❤️ #WazirXRises
𝐘𝐨𝐮𝐫 𝐡𝐚𝐫𝐝 𝐰𝐨𝐫𝐤 𝐦𝐢𝐠𝐡𝐭 𝐟𝐢𝐧𝐚𝐥𝐥𝐲 𝐩𝐚𝐲 𝐨𝐟𝐟
🇮🇳🔥 The Indian Finance Ministry has ordered the FIU to investigate #WazirX for fraud. @FinMinIndia@NischalShetty your time is up… 😡
Plz Posts, shares, and likes shouldn’t stop until this fraud lands in jail! 🚨🔒
Right @NischalShetty is a pig and not dog
Like , share and repost
Spread this post and tell him he will never start a new business with our funds (FUNDS OF THE USERS)
DONT LET HIM SLEEP
KEEP HIM AWAKE @WazirXIndia