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WazirX Set To Restart Within 10 Days, Victims To Receive Crypto & ‘Recovery Tokens’

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WazirX Set To Restart Within 10 Days, Victims To Receive Crypto & ‘Recovery Tokens’ | 3.0 TV (3versetv)
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Indian crypto exchange WazirX is set to reopen within the next 10 business days after formally filing its court-approved restructuring scheme with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) on October 15, marking the final step in its recovery process.

The filing follows the High Court of Singapore’s sanction of the restructuring plan last week, which saw over 95% of creditors vote in favor, it said in an X post.

With the ACRA submission complete, the exchange enters the implementation phase, or a period during which users will receive distributions and Recovery Tokens (RTs) under the scheme.

The restart comes over a year after WazirX was hacked for over $240 million worth of various tokens, pushing the exchange to bankruptcy.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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