Crypto exchange WazirX has filed for a Scheme of Arrangement in order to resolve financial disputes with creditors and restore platform services. The company has submitted a filing to the Singapore court, seeking an order for creditors to meet and approve a plan for settlement. WazirX aims to make the process transparent and equitable for all creditors. In addition, the exchange has been conducting an on-chain token swap to simplify asset management while assuring users of platform security. WazirX plans to provide detailed Scheme documents to creditors next week and promises to keep stakeholders fully informed throughout the process. This news comes as WazirX seeks to rebuild its platform following a cryptocurrency crash and regain the trust and credibility of its users and stakeholders.



Other News from Today