India’s WazirX, once the country’s leading cryptocurrency exchange, has taken a significant step towards recovery after a major cyberattack. The company has secured approval from over 93% of its creditors on its proposed restructuring plan following a July 2024 breach that resulted in an estimated $234 million loss. This landmark decision is crucial for WazirX’s future and signifies a turning point in the exchange’s journey to regain trust and user confidence. The vote took place between March 19th and 28th via Kroll Issuer Services, with over 141,000 creditors participating. The plan will see 75-80% of claims resolved using liquid assets in USDT, while the remaining 14.5% will be addressed through