WazirX plans restructuring, seeks white knight; users set to lose 43% funds

Crypto exchange WazirX has said customers affected by the recent cyber attack will not be able to recover their full funds even as the firm looks to restructure.

At a virtual press conference, the firm’s advisor said at best the company might look to return 55-57 per cent of the money.

“This is what can be returned to users with the benefit of this restructuring,” said Jason Kardachi, managing director (restructuring), Kroll.