Nothing is impossible if WazirX can survive this. It will grow and if it makes profits those can be used for recovery.

But, it’s only possible if all our customers support us at this time.

Historically there have been two options that exchanges which faced such situation could take:

1. Legal proceedings: It takes years and the outcome is distribute what is left of the assets. Legal fees will add up as well, matter drags for years. No one gets anything until then. Outcome is similar to socialise the loss structure.

2. Socialise loss & rebuild: First socialise the loss. Then rebuild by growing the business where you can distribute any profits and find more solutions like new buyers, new initiatives etc since business will operate. This leads to faster recovery.

In option 2, WazirX becomes the people’s exchange, working on various recovery methods.

Only together, we can do this 🙏

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