WazirX users must vote on a restructuring plan to recover funds lost in a $235 million hack.
If 75% approve, the exchange will restart in April 2025 and issue recovery tokens for compensation.
If the plan is rejected, WazirX will liquidate assets, potentially delaying fund recovery until 2030 with lower payouts.
WazirX Restructuring plan
WazirX users now face a tough decision. The exchange has offered two paths for fund recovery after a massive hack. In July 2024, North Korean hackers stole $235 million from WazirX. The hack wiped out over 40% of the exchange’s assets. Users have been waiting for a solution ever since.
WazirX is proposing a restructuring plan. If at least 75% of creditors approve, the exchange will restart in April 2025. Under this plan, users will receive recovery tokens. These tokens represent claims on the recovered assets. They will also allow users to benefit from future platform profits.
The plan includes launching a new decentralized exchange (DE
We współpracy z: https://thenewscrypto.com/wazirx-users-choose-between-a-new-refund-plan-or-waiting-until-2030/
