WazirX has filed a petition with the Singapore court to convene creditors for the approval of a debt settlement plan. The company stated that the proposed scheme will be transparent and fair, aimed at restoring trust among participants. As part of the scheme, WazirX is conducting on-chain token swaps to optimize asset management. Creditors will receive detailed documents on the proposal next week, and the process will be accompanied by full transparency. This step is crucial for restoring the platform's functionality.
12/7/2024 1:25:46 PM (GMT+1)
WazirX has filed a petition with the Singapore court for debt settlement and convening creditors, conducting on-chain token swaps for asset security ⚖️
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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