WazirX Debt Restructuring Clears Hurdle, Paving Way for User Fund Recovery

WazirX has secured significant creditor support for its debt restructuring plan, clearing a major hurdle in the recovery process. Over 90% of creditors voted in favor of Zettai’s Scheme of Arrangement plan, paving the way for the phased distribution of user funds. This approval follows a cyberattack in 2023 that disrupted access to the exchange and sparked this restructuring initiative.