PANews reported on February 12 that according to foreign media reports, after the Indian crypto exchange WazirX was hacked in July 2024, CEO Nischal Shetty proposed a recovery plan, which included issuing recovery tokens (RT) to compensate users for losses. However, the proposal has aroused widespread doubts within the community.

According to the plan, users will first receive 51-55% of the pre-hacking assets, and the rest will be compensated through RT tokens, which are linked to the value of the recovered assets. Shetty said that RT tokens may be used for transactions in the future, but they need to be approved by WazirX creditors and the court.

Some users criticized WazirX for manipulating the platform, misappropriating customer funds, and lacking transparency in its recovery plan. Currently, WazirX's native token WRX has plummeted 98% from before the hacker attack. The community is concerned that the lack of liquidity support for RT tokens may further reduce the probability of users' fund recovery.

Shetty also tied the decentralized exchange (DEX) to the compensation plan, saying that if the community rejects the proposal, users may have to wait five years to recover their losses. This statement raised questions about whether WazirX is trying to delay full accountability.