Advertise
- Nidhi Kolhapur
Nidhi Kolhapur
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 08, 2025 08:01 UTC
-
WazirX News: Singapore Court Hearing Set for July 15, Reserve Date July 16
WazirX Files Affidavit Ahead of July 15 Hearing: Legal battle continues as users await refunds nearly a year after the major hack.
New Affidavit Risks Delaying Fund Recovery Again: User’s legal challenge could derail WazirX’s recovery plan, affecting all token holders.
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.
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.
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.
Yes 
No 
