WazirX has introduced Recovery Tokens (RTs) as part of its restructuring plan, offering a unique approach to compensating users affected by the platform’s cyberattack. The tokens will be distributed to Scheme Creditors in proportion to their claims and represent their share of Illiquid and Stolen Assets.

According to the company, RTs will allow creditors to benefit from potential asset recoveries over time. WazirX plans to buy back the tokens using shared profits and recovered assets, ensuring that any increase in asset value translates directly into higher returns for users.

Unlike traditional liquidation, which often results in lower payouts, the RT mechanism provides a structured and long-term recovery path. The company has emphasized that all proceeds from asset recoveries will go to creditors rather than be retained by WazirX.

This move is part of WazirX’s broader restructuring efforts, which aim to regain user trust and ensure a fair distribution of recovered funds. The exchange has assured creditors that it remains committed to transparency and maximizing user recoveries.