Over 90% of WazirX creditors support the restructuring plan, which aims to repay debts through liquid assets and a recovery token portfolio
Apr 7, 2025 22:04:23
ChainCatcher news, according to Cointelegraph, over 90% of the voting creditors voted in favor of the restructuring plan for the Indian cryptocurrency exchange WazirX after the platform's hack, which aims to repay debts through liquid assets and a recovery token pool.
WazirX co-founder and CEO Nischal Shetty stated that once the plan is approved, recovering the stolen assets is the "primary focus." However, he noted that profit sharing is an additional measure the company hopes to use to compensate users.
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