WazirX’s restructuring plan secured over 90% creditor approval, aiming to reimburse up to 80% of hacked balances through recovery tokens

Quotes that support claims

More than 90% of the voting creditors of the Indian crypto exchange WazirX voted in favor of the platform’s post-hack restructuring plan in April. WazirX promised that those tokens may yield 75% to 80% of the value of users’ account balances at the time of the hack.

In a statement, WazirX revealed to users that they plan to appeal the decision of the Singapore High Court. WazirX posted on X, “Our primary focus remains to begin distributions as soon as possible. Towards this goal, we are currently evaluating all available legal options in consultation with our legal and advisory teams and will be appealing against the decision of the Singapore High Court.”