PANews reported on February 11 that according to CoinDesk, victims of the WazirX hack will receive 85% of the value of their portfolios recorded on July 18, 2024 after the exchange completes asset rebalancing on Tuesday, with the first round of compensation scheduled for April. As of Tuesday, users can see the USD and INR value of the assets lost in the $230 million hack in July 2024. The added value generated by the unstolen individual tokens has been distributed to all users, enabling the return of higher amounts of assets to users.

Under the current plan, creditors have until February 19 to accept the rebalancing of assets, and the plan needs to receive a 75% majority vote to move forward. Part of the refund plan is to launch a decentralized exchange (DEX) to issue tradable recovery tokens and repurchase these recovery tokens regularly over the next three years using platform profits and new revenue streams. However, if the plan is not approved, the restructuring plan will fail and the process will enter the liquidation stage under Section 301 of the Singapore Companies Act - which may result in a fire sale of assets and reduced compensation for creditors as assets may be sold at a lower value.

Last July, a multi-signature wallet of WazirX suffered a security breach, resulting in the theft of more than $100 million in SHIB and $52 million in Ethereum and other assets. The stolen funds accounted for more than 45% of the total reserves stated in the exchange's June 2024 report, prompting the exchange to restructure to pay off its liabilities. Earlier news, the North Korean hacker group Lazarus was believed to be behind the attack.