The cryptocurrency platform WazirX, one of the leading exchanges in India, has taken a decisive step towards restoring its operations after the cyber attack suffered months ago.
The creditors of the Zanmai Labs group, which manages the company, have approved the restructuring plan, marking a crucial moment for the future of the platform.
The joint efforts of management, stakeholders, and consultants have enabled the initiation of a process aimed at restoring confidence and stability to the affected users.
The attack on WazirX and its consequences
In August 2023, WazirX was the victim of a cyber attack that led to the theft of funds worth over 230 million Indian rupees (approximately 2.7 million dollars).
The incident involved at least one major wallet in custody, with serious repercussions on liquidity and trust towards the platform.
The impact on the exchange ecosystem was immediate: several users reported difficulties in withdrawing funds, while the company temporarily
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