Following a cybersecurity breach last year, Indian cryptocurrency exchange WazirX is taking decisive steps towards recovery. The company’s parent organization, Zettai Pte Ltd, has presented a comprehensive debt restructuring plan to the Singapore High Court for formal legal proceedings. This initiative reflects the commitment to addressing user concerns and rebuilding trust in the platform. 93% of creditors voted in favor of the plan, reflecting widespread confidence in its effectiveness. The plan’s success is underscored by strong financial backing reaching 94.6%, demonstrating a clear consensus on its viability. The restructuring process has received support from both users and stakeholders with financial interests, indicating a collective belief in WazirX’s ability to regain its footing. 10 business days after court approval, initial refunds are anticipated to be distributed to user accounts, ensuring transparency throughout the process. WazirX’s commitment to open communication will ensure that all updates are relayed through official channels, fostering trust and a transparent environment within the cryptocurrency sector. The company remains dedicated to navigating this journey alongside stakeholders while adhering strictly to regulatory guidelines.