WazirX Refund & Fund Recovery: 2025 Guide
In July 2024, WazirX, once India’s largest cryptocurrency exchange, suffered a catastrophic hack that resulted in the loss of approximately $235 million (?2,000 crore) in user assets. This event left millions of users locked out of their accounts and sparked a crisis that has reverberated through India’s crypto community.
As of October 2025, the key question has finally moved from “Will users get their money back?”to “When will refunds begin?”, following the Singapore High Court’s formal sanction of WazirX’s restructuring plan on October 13, 2025, and its ACRA filing confirmation on October 15, 2025.
This updated blog explains the recovery process, key milestones, and what affected users can expect over the next few months.
Latest Updates
The Singapore High Court officially sanctioned WazirX’s amended restructuring scheme on October 13, 2025, marking the final legal clearance for user refunds to begin. The scheme was registered with Singapore’s Accounting and Corporate Regulatory Authority (ACRA)two days later, making it legally effective.
According to WazirX’s latest filing, the first phase of refunds, covering pre-hack deposits, will start between mid-November and December 2025.
- Pre-hack users will recover up to 85% of their portfolio value in the first payout.
- The remaining 15% will be distributed gradually over the next 36 months, tied to future revenue, recovered assets, and Recovery Token buybacks.
Are You Eligible for a Refund?
Eligibility depends on your account type and deposit timeline:
Step-by-Step Claim Process
The Fund Recovery Portalwill go live in early November 2025. Users must follow these steps:
- Log in to WazirX:Access the Fund Recovery Portal(announcement pending).
- Verify balance:Confirm your portfolio snapshot as of July 18, 2024.
- Complete KYC:Submit ID verification if not done.
- Confirm claim:Review and accept your eligible balance.
- Acknowledge terms:Agree to Recovery Token conditions.
- Select payout mode:Funds will be credited in crypto and Recovery Tokens.
- Wait for disbursement:First tranche (~85%) expected within 30–45 daysof portal confirmation.
- Track subsequent tranches:Recovery Token buybacks and additional payouts will continue through 2026–2028.
?? Tip:Download the official claim checklistfrom WazirX’s support portal once it goes live.
Timeline & Key Dates
Risks & Scenarios
Even with court approval, several risks remain:
ALSO READ: WazirX Court Hearing & Fund Release Timeline
Conclusion: Will you get your money back from WazirX?
With the Singapore High Court’s sanction and ACRA registration now complete, WazirX refunds will begin rolling out by late November 2025. Pre-hack users can expect 85% recovery in the first tranche, with the balance through Recovery Tokens over three years. Post-hack users are expected to receive full refunds by early 2026.
While the scheme finally gives structure and certainty to users, full restitution depends on how well WazirX recovers trading volume and executes token buybacks. For now, users should prepare documentation, stay updated on portal announcements, and manage expectations for a phased recovery rather than immediate full refunds.
FAQs
Will I be able to recover my money from WazirX?
Yes, if the Singapore High Court approves the scheme. Pre-hack deposits may see up to 85% recovered quickly, while the remaining 15% will be via Recovery Tokens. Post-hack deposits are slated for 100% return.
How much bounty is WazirX offering for the recovery of stolen funds?
WazirX has committed a portion of recovered assets and profits to Recovery Token buybacks. No fixed “bounty” exists; recovery depends on law enforcement progress.
What do I do if my money is stuck in WazirX?
Wait for the Fund Recovery Portal launch after the court sanction. Complete KYC and confirm your claim there. Filing cases in India will not speed up recovery.
Why is WazirX banned in India?
WazirX is not banned in India. Trading is paused due to the hack and legal proceedings. The recovery scheme is governed under Singapore law.
What are the risks of using WazirX?
Risks include exchange security, regulatory uncertainty, and dependence on court-approved recovery mechanisms. Future trust depends on the execution of the current plan.
Can you recover money lost in crypto?
Crypto recovery is rare. In this case, structured schemes like WazirX’s court-approved plan offer the only realistic chance of recovery.
Can police recover stolen crypto?
Authorities have traced portions of stolen funds, but recovery is complex due to cross-border laundering. Only a small fraction has been clawed back so far.
Who lost money on WazirX?
Over 350,000 users with pre-hack deposits are affected. Post-hack depositors are not impacted.
What is the legal action of WazirX?
The restructuring scheme filed in Singapore is the central legal mechanism. Indian petitions were dismissed, confirming Singapore as the governing jurisdiction.
Is WazirX in trouble?
Yes. The exchange is in restructuring under court oversight. Its survival depends on the approval of the scheme and restoring user trust.
Who owns WazirX?
WazirX was founded in 2018 by Nischal Shetty and the team. Binance previously claimed ownership, but the relationship has been disputed.
What is the minimum withdrawal on WazirX?
Before the hack, the minimum withdrawal for INR was ?100, and for crypto varied by token. Withdrawals remain paused until the scheme is approved.
Will WazirX refund money?
Yes, if the court sanctions the scheme. Pre-hack users get 85% quickly, and Recovery Tokens for the rest. Post-hack deposits will be refunded in full.
Can we file a case on WazirX?
Indian courts have already dismissed petitions, stating the scheme falls under Singapore jurisdiction. Filing fresh cases in India is unlikely to help.
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