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Legal advisor: It is highly unlikely that WazirX customers will receive full compensation after restructuring
BlockBeats reported that on September 2, legal counsel for WazirX, an Indian cryptocurrency trading platform, said that through the restructuring process, it is highly unlikely that WazirX customers will receive full compensation for their cryptocurrencies.
In a conference call with reporters including WazirX co-founder Nischal Shetty, consultants said that under the current circumstances, at least 43% of any customer's funds held in WazirX are unlikely to be recovered.
George Gwee, director of restructuring expert Kroll, said the best-case scenario is a return on capital of between 55% and 57%.
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24H Important News
2026-11-16
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