
Creditors of WazirX, a cryptocurrency exchange, are set to vote on a restructuring plan following a $235 million hack. The vote will determine whether they will receive their stolen assets as early as April 2025 or face a potential liquidation payout in fiat by 2030 after protracted legal battles. Should creditors reject the proposed plan, the exchange has warned that repayments could be delayed until 2030. In a related development, Indonesian agritech startup eFishery has appointed FTI Consulting to manage its operations amid an alleged fraud investigation, with advisers recommending that investors decide on a liquidation or restructuring plan soon.
๐ช๐ฎ๐๐ถ๐ฟ๐ซ $๐ฎ๐ฏ๐ฑ๐ ๐๐ฎ๐ฐ๐ธ: ๐ฅ๐ฒ๐ฝ๐ฎ๐๐บ๐ฒ๐ป๐๐ ๐ฏ๐ ๐ฎ๐ฌ๐ฎ๐ฑ ๐ผ๐ฟ ๐ฎ๐ฌ๐ฏ๐ฌ? WazirX has issued a warning to creditors about possible repayment delays until 2030 if they reject its proposed restructuring plan. The exchange assures that approval could lead to repaymentsโฆ https://t.co/mZi2UQRmdT
An adviser probing the alleged accounting fraud at Indonesian agritech company eFishery recommends that investors make a decision on whether to liquidate or restructure the company as soon as this month https://t.co/mK2Lvlj8qa
WazirX creditors to decide on recovery plan or risk lengthy liquidation https://t.co/UpqYTKtitg
