Wazirx Calculations to decide on the restructuring plan after penetrating $ 235 million

Wazirx, an Indian coding exchange exchange that has been hacked and has now lost $ 235 million on decisive cross roads. The Stock Exchange proposed a restructuring plan that the creditors will soon have to vote in order to determine the schedule for asset recovery and the future of the stock exchange.

The Singapore Court granted a four -month stop from September 26, 2024, giving Wazirx an opportunity to reach a restructuring plan. Now everything seems in the hands of creditors. If the proposed restructuring plan is approved, the creditors and the stock will benefit if the proposal is rejected, the creditors and the stock exchange must be prepared for long legal battles and the delay in the distribution of assets.

Wazirx restructuring plan with scenario

If the restructuring plan is approved by creditors, the plan will be punished by the Singapore Court by April 2025. With this decision, the platform can resume its commercial activities, and there will be implementation of a new central exchange (DeX), and the distribution of the first assets.

Recovery efforts will be strengthened by sharing profits to help creditors to restore their money, restore the assets stolen or frozen, and partnership with investors worthy of trust known as “white knight entities”, can provide financial support and help Wazirx to return to their feet.

If the restructuring plan is rejected by creditors, things will become chaotic and complicated. There will be a delay in paying due to ownership disputes, there may be a possible liquidation procedure that may be dragged until 2030. Not the cryptocurrency. This may also lead to a situation that can miss the potential running opportunities in the encryption market. With all this in mind, the creditor’s decision now will now have a great and permanent impact on the Wazirx future.

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