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TheNewsCrypto

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When Will WazirX Return, If Not Now?

  • 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.

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