From March 19 to March 28, 2025, KIS platform users will be able to vote on the restructuring scheme of the cryptocurrency exchange WazirX, which was affected by a hacker attack. For the scheme to be approved, it is required that at least half of the creditors vote in favor. In the case of a successful vote and court approval, users will be able to receive redistributed assets, including up to 85.3 percent of their funds in US dollars. The distribution of Recovery Tokens for future payments is also planned. In the case of failure, liquidation may occur, which will lead to delays in fund recovery.
3/3/2025 8:16:45 AM (GMT+1)
WazirX offers users to vote on the restructuring scheme from March 19 to March 28, 2025, to recover up to 85.3 percent of funds and distribute Recovery Tokens
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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