After the Singapore High Court rejected Zettai’s restructuring plan for WazirX on June 4, the company filed a formal request on June 6 seeking “further arguments” in case HC/SUM 940/2025. Under Singapore’s legal process, the same judge who dismissed the scheme now has until June 20 to respond, either giving Zettai another chance or letting the rejection stand.
This window might be the last real chance to fix what’s left of WazirX. If the court agrees, Zettai may have to file new submissions or appear in court again. If not, their only legal route would be a longer and uncertain appeal.
For the 4.4 million users who’ve been waiting since July 18, 2024, when WazirX was hacked and ₹2,000 crore disappeared, this 14-day period feels like one more coin toss in a year full of broken trust.
Nothing from Nischal. Again.
Even as legal processes continue, one voice remains missing from the conversation: WazirX co-founder Nischal Shetty.
Since the hack, Shetty has not issued any public apology or statement. No user-facing communication to the millions who entrusted the platform with their money.
What he has been doing is promoting his other venture: Shardeum.
Despite distancing himself from it officially, Shardeum is still listed in Shetty’s Twitter bio. And just this week, The Shardeum Foundation announced that it secured MiCA Whitepaper Acknowledgement, a major step in expanding into Europe under the EU’s crypto regulations.
Shetty denies any involvement in Shardeum’s development, but how do you explain its mention on his verified profile?
While one project pushes forward with global plans, the other, WazirX, remains frozen in legal battles, with no resolution in sight and no leadership stepping up publicly.
Zettai’s Legal Limbo
Zettai’s request for further arguments is only the latest in a long list of “updates” WazirX users have been receiving. The official transcript from the June 4 hearing was shared on June 10, but even that came with a catch; the Court clarified it hasn’t released its full written reasoning yet.
In the meantime, Zettai says it’s also exploring other options, including a potential appeal if this current 14-day request is denied.
But again, that’s just talk. No actual repayment plan has ever been executed. No money has been returned. And there’s no legally binding assurance that anything will change after June 20.
The Clock Is Ticking
Users aren’t asking for miracles. They’re asking for transparency, accountability, and some sign that the people who built WazirX still care about the people who trusted it.
The problem is, time is running out. This 14-day court window may be the last hope before the case disappears into endless appeals and delays.
And through all of this, the silence from Nischal Shetty speaks louder than any court document.
Also Read: Rise and Fall of WazirX: Mapping India’s Biggest Crypto Hack
