WazirX recently shared an important update on its ongoing legal process in Singapore on the proposed scheme of arrangement. It filed its affidavit on July 4, 2025, as directed by the Singapore Court. The next hearing for arguments is set for July 15 at 7:30 AM IST, with July 16 reserved if needed.
📢 Update on Proposed Scheme of Arrangement
As directed by the Singapore Court, we have filed the affidavit on 4 July 2025.
As announced earlier, the hearing for further arguments in SUM 940 and OA 1284 is scheduled for 15 July 2025 at 7:30 AM IST (10:00 AM SGT), with a reserve… pic.twitter.com/OvslxnthDc
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 7, 2025
Community Still Waiting for Justice
However, frustration is building in the community. Users note that it has been a year with no refunds and no clear answers, and now the exchange is demanding a potential re-vote. With the next hearing on July 15, many are asking: When will they finally get their tokens back?
July 18 marks one year since the big hack. A year later, victims are still stuck in the same place they started and are waiting, with no resolution in sight.
Recently, just days before the July 18 hack anniversary, a user Romy Johnson filed a fiery 40-page affidavit demanding the return of unhacked funds. He accuses the company of hiding a Panama shell entity and shifting asset classifications. The key question now is whether this serves justice or if there is more courtroom drama ahead.
Will Justice Be Delayed For Everyone?
However, one user warns that the affidavit could yet again delay the WazirX Fund Recovery. He warns that this move could derail the entire recovery plan, which is designed to treat all users, hacked and unhacked, fairly. If approved, it risks leaving 45% of users with hacked funds waiting even longer.
🧵Thread: One affidavit could delay your #WazirX fund — again.
With just days left before final court hearing on July 17, Romy Johnson has filed a last-minute affidavit asking to release only unhacked tokens.
This move could sabotage everyone’s recovery.
Here’s how 👇🔁
1/ pic.twitter.com/7EPatopOS2— A͛mol🗿 (@AmolJagde) July 6, 2025
Previously, a similar affidavit had delayed the process back in April. This may repeat, and thousands of users could be set back once again.
If the court rejects the scheme due to this new affidavit, no one gets anything, not even those with unhacked tokens. Although the motion claims to support users, it risks delaying fund recovery and creating division within the community. He suggests that if the intention is truly to help, then collaboration should be the way forward.
He further added that the court must prioritize a fair resolution for all users, ensuring unity and timely recovery of the funds.
