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Creditors Approve Wazir’s Proposed Restructuring Plan
- Crypto exchange WazirX's proposed restructuring plan has been approved by the creditors.
- Over 93% of voting creditors, representing nearly 95% of the total claim value, voted in favor of the scheme.
- The company plans to release $284 Mn in liquid assets and issue recovery tokens to compensate users.
- The court's final approval is awaited, and if sanctioned, operations will resume within 10 days.
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