Over 90% of the voting creditors of the Indian crypto exchange WazirX voted in favor of the platform’s post-hack restructuring plan.
According to an April 7 announcement, 93.1% of voting creditors who hold 94.6% of the value voted in favor of the plan. All creditors who held crypto balances on the platform were eligible to vote on the Kroll Issuer Services platform from March 19 until March 28.
WazirX co-founder and CEO Nischal Shetty told Cointelegraph that with the plan approved, stolen asset recovery is “a primary focus.” Still, he pointed to profit sharing as a further measure that the firm hopes to use to compensate its users.
The news follows early February reports that WazirX has warned that repayments from the $235 million hack against it could be delayed until 2030 if creditors do not approve its proposed restructuring plan. At