Recovery token and compensation plan

Collection item

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

WazirX will issue recovery tokens to creditors that represent remaining claims not covered by initial payouts from the $235 million hack

Zensui will distribute these tokens, which serve as on-chain IOUs tracking user balances and releasing funds from profits and recovered assets

WazirX suffered a $235 million hack in 2024, which has been linked to North Korean state-sponsored hackers

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