India’s prominent crypto exchange, WazirX, has received overwhelming approval for a crucial restructuring plan following a major hack last year. This development marks a significant step towards resolving the fallout from a $234 million loss and offers hope to affected users. The restructuring plan was initially rejected due to regulatory concerns by the Singapore High Court, prompting WazirX to re-examine its approach. A new plan now moves user compensation responsibility away from WazirX’s Singapore entity to Zanmai India, operating under India’s Financial Intelligence Unit. This shift aligns with Indian regulations and streamlines the process for compensating affected users. The plan also introduces a clear route to recovery, bringing regulatory clarity and increased confidence from creditors, signaling a commitment to user protection within the crypto market.