The Indian cryptocurrency exchange WazirX has recently released an asset rebalancing and distribution plan, which has been approved by creditors and the court. This plan mainly includes four aspects:

First, WazirX will rebalance its net liquid platform assets to ensure fair value distribution and plans to conduct the first distribution in token form within 10 days after the plan comes into effect.

Second, the exchange will issue Recovery Tokens (RTs) to distribute the recovered amounts from surplus, illiquid wallet assets, and stolen assets. When the net recovery exceeds $10 million, creditors will have the opportunity to purchase RTs quarterly.

In addition, WazirX is evaluating the future trading functionality of RTs to increase liquidity.

Finally, all distribution withdrawals will strictly comply with KYC and risk management requirements to ensure compliance.