WazirX announced that the Recovery Token has been issued to eligible users as part of the court-approved restructuring plan. The distribution took place within 60 days as promised and based on each user’s claimed value. This move comes after the exchange resumed trading on 10/24/2025, nearly a year after the 2024 hack that resulted in over $234.9 million USD being stolen.
According to WazirX, in the first distribution, eligible users received approximately 85% of the approved claim value, based on the reference price of the plan. The remaining amount will be gradually paid out, depending on asset recovery processes and future profits. The Recovery Token is currently only visible in the app and cannot be traded yet. WazirX also stated that custody operations have been transferred to BitGo and that the restructuring plan is progressing on schedule, aiming to accelerate payouts to users.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
