- More than 93 % of WazirX users agreed on the new plan to fix things after the large penetration.
- The plan is now going to the Singapore Court for the final approval.
- If approved, Wazirx will start returning money and restarting trading soon.
Wazirx has received tremendous support from its users for a recovery plan after losing more than $ 230 million in penetration. More than 93 % of voting users “Yes” voted for the plan, They represent about 94.6 % of the total amount participating in claims.
2024 Wazirx Hack Recovery
Of the 141,476 people who made their votes, more than 131,000 supported the company’s proposal. The total of these claims was more than 195.6 million dollars. This voting process was held between March 19 and March 28 by Kroll Issuer Services. Wazirx now takes the suggestion to the Singapore Court for the final approval.
If the court allows this, Wazirx will start recovering money for users within 10 working days. The company also intends to gradually resume its commercial services in stages.
The penetration occurred during mid -2013 and was linked to the North Korean infiltrators. The Wazirx wallet, which is managed with a company called LIMINAL, has lost a huge amount of customer money. Since then, the accounts have been frozen by the stock exchange and a legal recovery process began.
There were some users who were wondering about voting on a company linked to the company, preferring a complete independent system. Others were upset that they could not profit when Bitcoin reached the highest level ever.
CEO of Wazirx Nischal Sheetty Declare News on X, saying, “People spoke … This is a great moment in our recovery.”
Now, the focus is on the Singapore court. Wazirx can soon start to pay users and try to restore their confidence, if the plans are running smoothly.
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