Core Points - The Singapore exchange has approved the restructuring plan for WazirX, allowing the Indian crypto exchange to resume operations within 10 working days following a significant hack in July 2024 that resulted in a loss of $240 million [1][2] - The High Court of Singapore sanctioned the restructuring scheme, with over 95% of creditors voting in favor, marking a crucial step in WazirX's recovery process [3] - Users will regain access to their frozen funds through a combination of crypto, cash distributions, and Recovery Tokens, which will be distributed on a pro-rata basis based on approved claims [3][7] Company Operations - WazirX plans a phased reopening to manage liquidity and operational risks while facilitating orderly withdrawals [4] - The exchange has partnered with global custodian BitGo to enhance fund security, implementing strengthened custody measures and third-party oversight [4] - The restructuring plan follows a prolonged freeze for WazirX's 6.6 million users, who have been unable to access their accounts since the hack [6] Recovery Tokens - Users who held assets on WazirX before the hack are eligible for Recovery Tokens, which provide a share of the platform's future revenue, any recovered funds, and potential profits [7]