WazirX Creditors Favor Restructuring Plan Following Major Hack

Over 90% of WazirX creditors have voted in favor of the exchange’s proposed restructuring plan following a devastating hacking incident, exceeding legal requirements and paving the way for court approval in Singapore. The vote, conducted from March 19th to March 28th through Kroll Issuer Services, involved over 141,000 users with approved claims worth $195.6 million. This overwhelming majority demonstrates confidence in Zettai, WazirX’s parent company, and their roadmap for compensation and revitalization.