Indian cryptocurrency exchange WazirX plans to issue new Recovery Tokens (RT) to distribute stolen and recovered assets to its users. The tokens could potentially be traded if there is enough interest and will provide liquidity and additional market exposure. The distribution of tokens follows WazirX's rebalancing process for its assets. The recovery plan also includes profit-sharing, stolen asset recovery, and the launch of a decentralized exchange. WazirX is currently awaiting approval from creditors for its Scheme of Arrangement, which would allow for the immediate distribution of rebalanced assets. Users can check their token allocation on the platform's First Distribution page. However, there have been some concerns raised about fluctuating token values and discrepancies in displayed balances.



Other News from Today