Odaily Planet Daily News 🌟 Indian crypto exchange WazirX has released a key update regarding rebalancing and distribution on platform X, which is exciting! After being mired in difficulties due to the $230 million theft incident in July, WazirX has finally taken an important step under a plan approved by creditors and recognized by the court.

First, the net flowing platform assets will be rebalanced to ensure fair value distribution, and after the plan takes effect, creditors will receive the first token distribution within 10 working days.

Additionally, WazirX will issue Recovery Tokens (RTs) to allow creditors to capture potential market upside opportunities, which is great news! The company is also evaluating the future trading functionality of RTs to provide more flexibility for creditors.

Finally, all withdrawals from distributions must comply with KYC and risk management requirements to ensure a smooth process. 🔍

Bitcoin enthusiasts, keep an eye on market dynamics! 📈