WazirX Creditors Approve Recovery Plan After $234M Hack – MAXBIT

WazirX Creditors Approve Recovery Plan After $234M Hack – MAXBIT

WazirX gains 95% creditor approval for recovery plan after $234M hack; court ruling to determine crypto exchange’s future. WazirX is moving closer to recovery after a devastating $234 million hack in July 2024, as over 95% of voting creditors have approved a revised restructuring plan. This milestone comes months after the Singapore High Court initially...

WazirX Creditors Back New Plan After $234M Hack Setback

WazirX is moving forward with a new repayment plan that has received strong backing from its creditors, more than a year after a $234 million hack froze withdrawals on the exchange.

WazirX Restructuring Plan: Crucial New Strategy Approved

BitcoinWorld WazirX Restructuring Plan: Crucial New Strategy Approved The crypto world is buzzing with significant news concerning WazirX, one of India’s prominent crypto exchanges. After a challenging period following a major hack last year, a crucial new WazirX restructuring plan has received overwhelming approval from its creditors. This development marks a vital step towards resolving the aftermath of the $234 million loss and brings hope fo…

WazirX Users Approve New Restructuring Plan After $234M Hack

Crypto exchange WazirX is moving forward with its recovery efforts after last year’s $234 million hack, as nearly 95% of creditors voted in favor of a revised restructuring plan. This decision comes after the Singapore High Court rejected an earlier proposal over regulatory concerns. Fresh Vote and Revised Plan According to WazirX, around 150,000 creditors […]