Legal counsel: WazirX clients are highly unlikely to receive full compensation in cryptocurrency through the restructuring process
2024-09-02 08:57:54
India crypto currency trading wazirx legal advisor ask expressed bydesk3cryptocurrencydesktopCrypto News
The legal counsel of Indian cryptocurrency exchange WazirX has said that there is extremely little chance that WazirX customers will receive full compensation in cryptocurrency through the restructuring process. The advisers said that under the current circumstances, at least 43% of the funds held by any client in WazirX are unlikely to be recovered. George Gwee, director of restructuring specialist Kroll, said the best-case scenario is a return on funds of between 55% and 57%.
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