**🚀 WazirX Gets Court Approval to Repay Victims of $235M Hack 💰**
Indian crypto exchange **WazirX** has secured a major victory in the fight for justice, with **Singapore High Court** approving its restructuring plan to repay users affected by a **$235 million cyberattack** in July 2024. 🛡️💥
The hack, linked to **North Korea's Lazarus Group** 🇰🇵, shook the crypto world, but the court found **no evidence of wrongdoing** by WazirX, clearing the way for user recovery.
### **🔑 Key Steps Toward Recovery**
WazirX’s **restructuring plan**, filed by its parent company **Zettai**, includes:
- **75%-80% recovery** of user funds 💵 via token distributions.
- **Avoiding liquidation**, so users benefit from future growth 📈.
### **How It Works 🔄**
- **User Voting**: A process where users can vote on the plan 📋, set to conclude within 3 months.
- **Payouts**: Initial payouts within **10 days** after approval ⏰, with funds tied to **recovery tokens**.
- **Future Profits**: Tokens will allow users to share in future platform earnings 💸.
### **💥 Why It Matters**
- A **quick resolution** is prioritized to ensure a fast recovery for users 🔑.
- WazirX is **freezing $3M USDt** of stolen funds and working with global authorities 🌍 to recover additional assets.
- The recovery includes a **3-year buyback program** 💎 funded by platform profits.
This is a bold move by WazirX to restore trust and recover lost funds—making sure users aren’t left behind. 🌟 Let’s see how this unfolds! 🚀