Wazirx Hack victims will receive 85% of the value of their portfolio registered in Jul.18 As the exchange completed their assebilities of assets on Tuesday, with the first round of distributions scheduled in April.
Until Tuesday, users can see the values of the assets of the US dollar and the Indian rupe that were lost in a trick of $ 230 million in July 2024. Returned to users.
The creditors now have until February 19 to accept the rebalancing under the current scheme, with a majority vote of 75% required for the plan to advance.
Part of the refund plan is to launch a decentralized exchange (DEX), problem recovery tokens that can be negotiated and perform a periodic repurchase of recovery tokens using platform profits and new sources of income in the next three years.
However, if the scheme is not approved, the failure restructuring plan and the process moves towards the liquidation under section 301 of the Singapore Companies Law, which can lead to a sale of asset and creditors fires that receive Less compensation, since assets are sold at possibly lower values. .
Wazirx was beaten by a safety rape in one of his multisig wallets last July, which caused more than $ 100 million in Shiba Inu (Shib) and $ 52 million in ether, among other assets, to be drained from the exchange.
The stolen funds represented more than 45% of the total reserves cited by the exchange in a June 2024 report, which led to a restructuring process to eliminate liabilities. It is believed that Lázaro of the North Korean piracy unit is behind the attack, as Coindesk previously reported.
