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Is WazirX About to Make a Comeback?
In a surprising turn of events, WazirX has secured significant support for its restructuring plan from creditors. A staggering 94.6% of voting creditors (based on claim value) have given their nod in favor of the proposal, with over $195.6 million worth of approved claims. This remarkable outcome far surpasses the minimum threshold required under Singapore law.
As per the recent development, it has been announced that Zettai will now be moving forward with the proposal to the Singapore Court for formal approval. This crucial step marks a significant milestone in WazirX’s ongoing restructuring process.
The massive show of support from creditors is likely to bring a sigh of relief to investors and stakeholders alike. The resounding approval lends credibility to the platform’s renewed commitment towards revamping its operations and ensuring a more secure future for users.
It remains to be seen how this development will play out in the coming days, but one thing is clear: WazirX has taken a crucial step towards reclaiming its position as a prominent player in the cryptocurrency space.
Source: https://coinpedia.org/crypto-live-news/is-wazirx-about-to-make-a-comeback/
