Crypto Updates

WazirX to Form Committee of Creditors After $230M Hack

WazirX

Indian crypto exchange WazirX will establish a Committee of Creditors (COC) by October 9 following the $230 million hack in July. The exchange is treating all users with crypto balances at the time of the hack as contingent unsecured creditors. While the COC will provide feedback and monitor the restructuring process, WazirX is not obligated …

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