The Indian cryptocurrency exchange WazirX, which lost $235 million as a result of a hacker attack in July 2024, announced the launch of a recovery plan. The company, under the leadership of its parent company Zettai, has initiated legal proceedings in the Singapore High Court to implement a debt restructuring program.

The plan involves using assets worth $566 million to meet the demands of users who have applied for $546 million.

Part of the compensation will be paid through so-called "recovery tokens", which will allow users to profit from the future activities of the platform and the new decentralized exchange (DEX).

WazirX founder Nischal Shetty stated that the company's main goal is to return more to users than was stolen and restore the trust of the community. The first payments will begin within 10 business days after the plan is approved by the court.