CoinVoice has recently learned that the Indian cryptocurrency exchange WazirX has released an asset rebalancing and distribution plan, which has been approved by creditors and recognized by the court. The plan includes four main points: First, the net liquid assets of the platform will be rebalanced to ensure fair value distribution, and the first distribution to creditors will be made in the form of tokens within 10 working days after the plan takes effect.
Second, Recovery Tokens (RTs) will be issued for the distribution of subsequent recovery amounts from surplus, illiquid wallet assets, and stolen assets. When the net recovery amount available for purchasing RTs exceeds 10 million USD, WazirX will provide creditors with the opportunity to purchase RTs quarterly; if below this amount, it will be postponed to the next quarter for assessment.
Third, the future trading functionality of Recovery Tokens (RTs) is being assessed to provide creditors with additional liquidity options. Fourth, all distribution withdrawals must strictly comply with KYC and risk management requirements to ensure process compliance. [Original link]