ChainCatcher news, 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 components: first, the rebalancing of net liquid platform assets to ensure fair value distribution, and the first distribution to creditors will be made in token form within 10 working days after the plan takes effect.
Second, recovery tokens (RTs) will be issued for distributing the subsequent recovery amounts from surpluses, illiquid wallet assets, and stolen assets. When the net recovery amount available for purchasing RTs exceeds $10 million, WazirX will provide creditors with the opportunity to purchase RTs quarterly; if below this amount, it will be deferred to the next quarter's evaluation.
Three is evaluating the future trading functionality of RTs to provide creditors with additional liquidity options. Four is that all distribution withdrawals must strictly adhere to KYC and risk management requirements to ensure compliance with the process.