- Wazirx has officially completed the voting process for its arrangement, an important step in its restructuring plan.
- The results are waiting for verification of third -party auditors before implementation.
Indian Cryptocurrency Exchange Wazirx has officially completed the voting process for its arrangement system and highlighted a crucial step in its restructuring efforts after last year’s hack of $ 235 million. More than 15 million users were affected and frustrations grow over the exchange of the situation.
The vote on Wazirx’s arrangement officially ended on March 28, 2025, but the final decision is ongoing verification of third -party auditor Kroll before implementation. The conclusion of the vote was announced via the exchange’s official X (formerly Twitter) handles and now everyone is waiting to see what comes afterwards.
📢 Voting for the event system has been officially terminated.
A heartfelt thank you to everyone who took the time to vote. Your participation and continued support means a lot.
Then all votes will be handed over to an independent assessor for verification, which ensures … pic.twitter.com/ctw9dptije
– Wazirx: India Ka Bitcoin Exchange (@wazirxindia) March 28, 2025
Many people question Wazirx security and decision -making. Experts wonder why such a large sum was held in a single wallet, which made it a simple goal for hackers. Others ask why the exchange had no backup funds to cover losses … but its 4.4 million users are waiting for the voting results, which will be assessed by a third -party auditor, Wazirx’s future hangs in balance.
What the vote means for Wazirx users
The vote Involved Wazirx users and investors who had to decide on the restructuring plan. Although the final results are not out yet, early reports suggest high participation and strong opinions on both sides. The result is likely to affect how Wazirx goes, its compliance with Indian laws and the overall crypto trade scene in India.
The final decision of the voting will be determined by third -party auditors SteakUnder the leadership of Jason Kardachi. If the vote goes to Wazirx’s advantage, it can help the platform get a better position with supervisory authorities and even be an example for other exchanges. If things do not go as planned, users of funds risk, and if Wazirx is forced into liquidation, payments can be delayed considerably – potentially until 2030.
Still, regulations in India remain a large factor in Wazirx future. Financial Intelligence Unit (FIU) and India’s Reserve Bank (RBI) keep a close eye on cryptout changes.
Þcan XRP Rebound to $ 2.30 or meet another case under $ 2.00?
