Legal advisers indicate it's extremely unlikely that WazirX customers will fully recover their crypto holdings after the exchange's $234 million hack, with only partial recoveries anticipated.
According to the restructuring experts at Kroll, the best case scenario for customers of WazirX entails recovering between 55% and 57% of their invested funds.
WazirX is facing a dire situation where 45% of customer funds are affected by the hack, leaving just 55% accessible, complicating potential recoveries.
The Singapore High Court will review WazirX's request for a half-year protective period for restructuring; outcomes depend largely on market recovery.
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