TLDR
- Singapore High Court directs Zettai Pte Ltd to file new submissions by Oct. 3.
- WazirX’s parent company responds to creditors’ affidavits in ongoing legal case.
- The case stems from WazirX’s $234 million hack in July 2024, now under court review.
- Singaporean court to decide hearing date after final written submissions.
The ongoing legal proceedings involving Indian crypto exchange WazirX have taken a significant new turn. On September 29, the Singapore High Court issued a fresh directive requiring Zettai Pte Ltd, WazirX’s parent company, to file new submissions by October 3, 2025. The court’s decision comes after reviewing the case tied to the exchange’s $234 million hack that occurred in July 2024.
The court order centers around “certain paragraphs” from the written submissions of a group of creditors opposing WazirX. As a result, Zettai is expected to respond by the stated deadline, which could shape the direction of the case moving forward. The high-profile nature of the case, especially in the cryptocurrency space, has attracted significant attention.
Court’s Direction for Zettai Pte Ltd and Creditors
The recent court decision builds on a series of steps taken by the Singapore High Court in relation to the WazirX case. Previously, the court had instructed the creditors involved in the case to submit an affidavit from an Indian law expert by September 3. However, this submission did not meet the court’s requirements.
As a result, the court mandated a replacement affidavit by September 19, which was filed as per the revised timeline.
Following this, Zettai Pte Ltd was asked to file a reply affidavit by September 22, 2025. These legal maneuvers are part of the broader proceedings, which also include the filing of final written submissions by all involved parties by September 26. The next step will be the court’s review of the submitted documents before deciding on the timeline for hearings.
Ongoing Legal Battle Stemming from July 2024 Hack
The legal case surrounding WazirX centers on a major hack that took place in July 2024. Hackers managed to steal approximately $234.9 million in digital assets from the platform, forcing the exchange to halt operations temporarily.
The hack was a turning point for WazirX, leading the company to pursue a scheme of arrangement in Singapore, a legal process often used for debt restructuring and operational recovery under court supervision.
WazirX’s Singapore-based entity, Zettai Pte Ltd, has been actively involved in these legal proceedings. The exchange has been working toward addressing the fallout from the hack and has engaged with creditors to resolve outstanding issues. The creditors, known as “Relevant Non-Parties,” are involved in the case as part of the broader efforts to resolve the aftermath of the hack and secure the financial future of the exchange.
