The WazirX exchange has formed an anonymous creditors' committee consisting of 10 members. The selection process has raised questions about transparency among investors. In an official statement, the company said that the committee members were randomly selected, which WazirX claims ensures fair representation of creditors' interests.
Despite the start of the restructuring process, the identities of the committee members remain undisclosed. Some users on platform X have voiced concerns that the selection process is not transparent enough. WazirX previously sent out a Google form to potential members to participate in the selection process.
The first meeting of the Creditors' Committee is scheduled for October 15, where the feedback process between creditors and the company will be discussed.
