Overwhelming Majority of WazirX Creditors Approve Recovery Plan Following Major Hack

The Indian crypto exchange WazirX achieved a significant victory in its recovery plan following a $235 million hack earlier this year. A majority of creditors, with 93.1% participation representing 94.6% of the value, approved the restructuring proposal. This approval avoids a protracted repayment scenario that could have stretched into 2030 and allows for swift user compensation.