On February 5, WazirX creditors will decide in the next few weeks whether to start losing cryptocurrencies as early as April 2025 or face a long-term recovery process that may be extended to 2030. The vote followed a Singapore High Court ruling that allowed the troubled Indian exchange to seek a restructuring plan rather than face liquidation, depending on whether three-quarters of its creditors approve a recovery plan. If the threshold is met, WazirX will launch a phased compensation plan that includes launching DEX, issuing recovery tokens, and implementing regular buybacks to compensate affected users. If the vote fails, the platform will be forced into liquidation, a process the company notes could take years and creditors 'returns will be reduced. Although WazirX claims that creditors can recover up to 80% of the balance through its new DEX and recovery token model, its proposed recovery plan still sparked controversy.（CryptoSlate）