WazirX is undergoing restructuring and plans to restore user access to funds over the next six months.
Users can expect to receive between 55% and 57% of their funds back after covering restructuring costs.
Zettai Pte Ltd, the parent company of crypto exchange WazirX, held a town hall meeting today to address the ongoing restructuring process following a major $230 million (₹2000 crore) crypto hack. The company has announced that “it will take up to six months to complete this restructuring, during which users will gradually regain access to their funds.”
The restructuring process, which was officially requested in a Singapore court on August 23, aims to reallocate the remaining crypto assets to users on a pro-rata basis. This means that assets will be allocated according to the proportion of each user’s claim relative to the total.
Approximately 45% of the available funds will cover restructuring costs. The remaining 55% will be returned to customers. Importantl
We współpracy z: https://thenewscrypto.com/when-will-wazirx-users-be-able-to-access-their-funds/
