WazirX has started crediting Recovery Tokens to users affected by its 2024 security breach, moving ahead with its court-approved recovery plan.
The tokens represent users’ remaining claims after an initial payout that returned about 85% of approved balances. Instead of instant withdrawals, future recoveries will depend on company profits, legal outcomes, or asset sales.
WazirX says token buybacks will only happen during quarterly reviews and only if at least $10 million in recoverable value is available. If not, recoveries are pushed forward.
For now, the tokens cannot be traded and come with no clear timeline. While the exchange says the process is fair, many users remain cautious, especially after recent complaints around account subscriptions and lingering trust issues.
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