WazirX Restructuring Plan Gains Creditor Approval, Securing 93% Support

A significant milestone has been reached by WazirX, as a majority of creditors have approved their restructuring plan. This move signifies a crucial step towards recovering funds and restoring trust in the platform following the recent hack incident. The plan aims to secure $566.4 million in USDT for liquid assets to facilitate user compensation, while also launching a new decentralized exchange to enhance operational stability.