Nearly a year after a $234 million hack on WazirX, 95% of creditors approved a new restructuring plan. If the Singapore High Court gives the green light, users could see compensation in 10 days, contrasting with a previous estimate of up to three months for funds to be distributed.

A vote by nearly 150,000 creditors worth over $206 million approved a restructuring plan, echoing a similar decision in April that was rejected by the Singapore High Court due to regulatory concerns. Recovery tokens will be used to compensate users for remaining claims, with distributions managed by Zanmai India.

Some WazirX users are frustrated at potential delays in repayments, with warnings that if the restructuring plan isn’t approved, funds may not be received until 2030. However, others are hopeful for a resolution and relief after a long saga of uncertainty and hope for recovering some of their lost assets.

Read more at Cointelegraph: WazirX Users Approve Another Restructuring Plan After Court Rejection