WazirX: Taking a restructuring path is the best solution to the current problem, not bankruptcy or liquidation
WazirX said in a statement: "The current decision to take a restructuring path may raise some concerns, but we would like to emphasize that this is the most advantageous and legitimate way to address current crypto-related issues.
We believe this direction is in the best interests of the platform's users and allows us to move forward effectively. Unfortunately, external parties that have not invested in the platform may try to prolong the situation for their own reasons. Their intention appears to be to maintain uncertainty rather than seek a solution.
Our main goal is to help users recover as much money as possible while exploring ways to increase value. Rest assured that we are constantly evaluating all available options, but as mentioned, these solutions require time and patience.
In addition, we are actively pursuing various legal avenues and bounty programs to recover stolen assets. These efforts are ongoing and we remain fully committed to achieving the best possible outcome for our users.
We will provide more details about the restructuring process over the next week. Please keep in mind that this is not bankruptcy or liquidation - those pathways will take several years to resolve. Please exercise caution towards individuals who may be trying to steer you towards a choice out of personal gain.
Regrettably, some are trying to exploit the situation to their advantage. We encourage everyone to focus on restructuring to achieve the most effective and swift resolution. "