WazirX, a cryptocurrency exchange, has come under scrutiny for its recent restructuring activities, which bear similarities to the failed restructuring of another crypto company, Vauld. Both companies hired Kroll, an international restructuring firm, which has raised concerns about mismanagement and lack of transparency. In the case of Vauld, creditors were unhappy with the scheme that locked token values during a market downturn, benefiting Kroll and Vauld when the market recovered. Vauld also inflated the amount refunded to creditors to conceal their actual losses. Additionally, Vauld's creditors faced other issues, such as difficulties in filing claims for real token value decrease and the inability to recover funds lost through hacks. WazirX's restructuring proposal with Kroll has raised worries among creditors, who are seeking more attention, disclosure, and efforts to regain lost funds.



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