According to Techub News, cryptocurrency exchange WazirX said in a post on X that it will reorganize to deal with current crypto-related issues. WazirX said this is the fastest and legal solution that is in the interests of platform users. The company emphasized that this is not a bankruptcy or liquidation procedure, but to help users recover as much of their assets as possible while exploring ways to increase value. WazirX will provide more details on the reorganization next week and call on users to remain patient.
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