WazirX, the hacked Indian crypto exchange, has announced that creditors may begin receiving their stolen crypto as early as April or in 2030, depending on the outcome of a voting scheme. Creditors will need to vote on whether to approve a restructuring scheme, with a majority vote of over 75% required for the scheme to be effective. If approved, the platform will restart trading operations and distribute initial payouts within 10 business days. The refund plan also includes launching a decentralized exchange, issuing recovery tokens, and performing periodic buybacks using platform profits. However, if the scheme is not approved, the process may move towards liquidation, potentially resulting in lower compensation for creditors. WazirX has faced criticism for its handling of the hack and has been working to recover the funds.



Other News from Today