Crypto Exchange Wazirx has obtained more than 93% of votes of approval of the creditors for their proposed agreement scheme, approaching the victims of their July piracy of $ 230 million to a partial asset recovery.
The voting process, carried out on the Kroll issuing services platform from March 19 to 28, involved more than 141,000 creditors representing $ 195.65 million in approved claims.
Of these, 131,659 creditors, who have $ 184.99 million, voted in favor, equivalent to 93.1% on behalf of and 94.6% per value. This exceeded the requirements of the Singapur Companies Law, where Father Zettai is located, which demanded a majority on behalf of value for approval.
If the scheme was not approved, the process would have changed towards the settlement under the Singapore societies law, which probably resulted in a lower asset recovery for creditors with an estimated date of 2030, Wazirx said in February.
With the voting results now in the hand, Zettai plans to look for a sanction of the Singapore court. If approved, the scheme would trigger an initial payment within 10 business days, followed by gradually summarized with retreats and shops, subject to regulatory compliance.
Part of the refund plan is to launch a decentralized exchange (DEX), problem recovery tokens that can be negotiated and carried out a periodic repurchase of recovery tokens using platform profits and new sources of income.
Wazirx users lost more than $ 230 million in a security violation led by the Lázaro group in July 2024 after an apparent private key interception, which the exchange attributed to its custody provider, Liminal, a claim that the latter rejected, indicating instead the vulnerabilities in the end of Wazirx.
The hacker washed all the funds stolen from several directions that use tornado cash to obscure transactions, as Coindesk reported in September, cushioning the hopes of a complete recovery. Wazirx has worked since then to recover funds with limited success.
