WazirX Creditors Approve Hack Recovery Plan

WazirX Creditors Approve Post-Hack Recovery Plan

• 93.1% of creditors voted in favor of the restructuring plan.
• The plan covers 94.6% of claim value among 141,476 eligible voters.
• Creditors will receive 75% to 80% of claims in USDT.
• The remaining claims will be covered by recovery tokens linked to WazirX’s profits and a new decentralized exchange.
• The $235 million hack was attributed to North Korea’s Lazarus Group.

After a $235 million hack, WazirX’s recovery plan received strong support from creditors, with over 93% approval, facilitating partial repayments and future operations.