WazirX Moves Forward: Over 90% of Creditors Approve Restructuring Plan After Major Hack

India’s WazirX, once the country’s leading cryptocurrency exchange, has cleared a critical hurdle in its path to recovery. On April 7th, Zettai Pte Ltd., the parent company of WazirX, announced that over 93% of creditors voted in favor of its proposed restructuring plan following a significant cyberattack in July 2024. The plan aims to repay users and restore trust after a $234 million breach that wiped out nearly half of their assets.