WazirX has announced that it will form a committee of creditors (CoC) by October 9 as the cryptocurrency exchange rushes to restructure its liabilities after suffering a massive $234 Mn hack
The 10-member creditors’ committee, which will comprise users affected by the hack, will give WazirX advise and feedback on its restructuring plan
This comes days after a Singapore court granted the Indian crypto exchange a conditional four-month moratorium
WazirX has announced that it will form a committee of creditors (CoC) by October 9 as the cryptocurrency exchange rushes to restructure its liabilities after suffering a massive $234 Mn hack that left millions of Indians with substantial losses.
The 10-member creditors’ committee, which will comprise users affected by the hack, will give WazirX advise and feedback on its restructuring plan, it said in a blog post.