WazirX Takes Key Step in Post-Hack Comeback With Recovery Token Rollout
India’s largest crypto alternate, WazirX, has taken one other seen step in its lengthy restoration course of after the 2024 hack, confirming on January 9, 2026, that Recovery Tokens have been credited to all eligible customers underneath its court-approved restructuring plan.
The transfer units the groundwork for customers to doubtlessly reclaim as much as 75–80% of their locked funds over time, relying on future earnings and asset recoveries.
Recovery Tokens Issued as Restructuring Plan Moves Forward
In a put up shared on X, WazirX said Recovery Tokens, or RTs, have been issued throughout the 60-business-day timeline laid out in its restructuring scheme. The alternate added that customers can now see their allocations straight in the Funds tab of the WazirX app.
According to the corporate, the tokens have been assigned on a professional rata foundation, that means every consumer’s share displays the scale of their authorized declare, with no particular remedy. It framed the replace as a key milestone following the platform’s restart in late October final yr.
When buying and selling resumed, eligible customers received a First Distribution representing about 85% of their authorized claims, primarily based on reference costs set underneath the scheme. The newly issued RTs symbolize the remaining portion of consumer claims and provides holders the correct to future buybacks by the corporate, offered sufficient worth is recovered.
The alternate pressured that RTs aren’t tradable at this stage. Under the scheme, it can evaluation recoveries in rolling three-month durations. If no less than $10 million in unencumbered worth is realized in a cycle, a part of that quantity might be used to purchase again RTs, creating one other distribution for customers. Smaller recoveries might be carried ahead till the edge is reached.
How the Hack and Court Rulings Shaped the Recovery Path
The restoration effort traces again to the July 2024 exploit that drained greater than $230 million from a WazirX multisignature pockets. Blockchain knowledge later confirmed massive quantities of Shiba Inu (SHIB), Ethereum (ETH), and different tokens being moved and bought, wiping out near 45% of the alternate’s reserves. The incident stored the platform offline for greater than a yr and triggered authorized disputes over how losses needs to be shared.
In October 2025, the Madras High Court dealt a blow to WazirX’s preliminary plan to unfold losses throughout all customers. The courtroom ruled that buyer belongings akin to XRP couldn’t be used to offset unrelated platform losses, affirming that cryptocurrencies stay the property of particular person customers. That resolution, together with approval from the Singapore High Court and backing from over 95% of voting collectors, pushed WazirX towards a extra structured, claim-based restoration mannequin.
Under the present setup, Recovery Tokens maintain customers tied to future progress with out forcing instant choices. WazirX has stated the tokens might turn out to be tradable later, topic to authorized clearance, giving customers the choice to exit early or maintain on for potential upside.
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