WazirX Restructuring Plan Approved After $234 Million Hack

A new restructuring plan for WazirX, the Indian cryptocurrency exchange, has gained approval from a majority of its creditors following a major hack that saw $234 million stolen. The plan now awaits court confirmation. 95% of creditors, representing over $206 million in claims, voted in favor of the proposal. This follows a previous rejection by Singapore’s High Court, which raised concerns about regulatory compliance.