- More than 93% of Wazirx users agreed to the new plan to fix things after the big hack.
- The plan now goes to Singapore Court for final approval.
- If approved, Wazirx will start giving back money and restart the trade soon.
Wazirx has received massive support from its users for a recovery plan after losing more than $ 230 million in a hack. Over 93% of votes voted “yes” for the plan, And they account for about 94.6% of the total amount involved in the claims.
2024 Wazirx Hack Recovery
Among 141,476 people who cast their votes supported more than 131,000 the company’s proposals. These claims amounted to more than $ 195.6 million. This voting process was held between March 19 and March 28 by Kroll issuer Services. Wazirx is now taking the proposal for a Singapore court for final approval.
If the court allows it, Wazirx will start repaying money to users within a period of 10 working days. The company also intends to gradually resume its trade services in phases.
The chop occurred in mid -2023 and was linked to North Korean hackers. Wazirx’s wallet, which is handled with a company called Limal, is broken and a huge amount of customer money was lost. Since then, accounts were frozen by the exchange and a legal recovery process began.
There were some users who questioned the vote on a platform associated with the company and preferred a complete independent system. Others were upset that they could not earn when Bitcoin met all the time.
Wazirx CEO Nischal Shetty announced The news about X, says, “The people have spoken … This is a big moment in our recovery.”
And now the focus is on the Singapore Court. Wazirx may soon start repaying users and try to regain their trust if the plans go smoothly.
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