WazirX, a popular crypto exchange, is working to recover from a $235 million hack and has applied to the Singapore Court for permission to meet with creditors to decide how to distribute remaining funds.
Some users are concerned about the management of the funds, but WazirX has proposed a Scheme of Arrangement to resolve the situation fairly, which requires creditor approval.
Restarting the exchange will involve figuring out how to handle the funds of affected users, and WazirX is working on a plan to ensure fair distribution.
WazirX's recovery process requires patience and community support to restart the platform successfully.