WazirX Urges Users to Withdraw Funds Amidst Unlikely Full Recovery

After a $234 million hack, WazirX's financial restructuring suggests users may recover only up to 57% of their funds.

WazirX experienced a massive hack in July, resulting in a loss of $234 million.
The exchange has suspended trading, withdrawals, and deposit services since the incident.
Legal advisers estimate users will recover between 55% to 57% of their funds at best.
WazirX is seeking six months' protection from the Singapore High Court to restructure its liabilities.
The ownership dispute with Binance complicates the financial recovery process.