Overwhelming Support for WazirX Restructuring Plan

WazirX, a prominent Indian cryptocurrency exchange, has received overwhelming support for its restructuring plan from creditors. The Singapore-based company’s Scheme of Arrangement was voted on by over 141,000 creditors representing nearly $195 million in approved claims. The voting process, conducted between March 19th and March 28th on the Kroll Issuer Services platform, resulted in a strong ‘FOR’ vote of 93.1% by count and 94.6% by value.