WazirX creditors quiz founder, legal team on firm restructuring in townhall

In a recent townhall meeting, creditors of WazirX pressed founder Nischal Shetty and the restructuring legal team for solutions, seeking representation on the committee of creditors (CoC) and expeditious restructuring within four months, and asked for clarity on redistribution of potential gains from future crypto market upswings.

This comes as the platform was granted a four-month moratorium by a Singapore court during which the company is expected to restructure its business with a temporary relief from legal proceedings.