Cryptocurrency exchange WazirX has announced the voting period for its proposed restructuring scheme, allowing Scheme Creditors to decide on the next phase of the recovery process. The voting will take place from March 19 to March 28, 2025, and the results will determine whether the Scheme of Arrangement moves forward. If approved, the first phase of token distributions will begin within 10 business days. The restructuring process has involved rebalancing assets to align them with platform liabilities, ensuring that approximately 85% of Scheme Creditors' balances will be distributed. WazirX has been working with experts to trace and reclaim stolen assets and has frozen $3 million worth of stolen funds. The Scheme also introduces the issuance of Recovery Tokens to Scheme Creditors, funded by recovered assets and profits from ongoing operations. WazirX encourages all eligible Scheme Creditors to participate in the voting.



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