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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