WazirX Restructures Following Hack, Securing Over 90% Creditor Support

History suggests that similar incidents in the crypto sector have led to widespread overhauls. This restructuring plan aims to address vulnerabilities more comprehensively, as Jason Kardachi, stated, “Efforts to recover Stolen Assets are fully underway… [we aim] to maximize the recovery of Stolen Assets for the benefit of Scheme Creditors under a Scheme.” Experts suggest that such restructuring plans backed by creditor support often lead to sustainable growth. Past data suggests that strategic improvements can stabilize operations and prevent future occurrences.