WazirX initiates recovery actions for secure operation

Restructuring through creditor engagement: WazirX is working on a Scheme of Arrangement which aims to resolve financial disputes fairly. This initiative signals a commitment to transparency, as detailed proposals will be shared with stakeholders next week to foster trust in the exchange.

On-chain token swaps enhance trust: To improve asset management and address creditor concerns, WazirX is implementing on-chain token swaps. This strategy reassures users about the security of their assets, vital for maintaining confidence in the platform’s services.