WazirX Issues Recovery Tokens, Users May Reclaim 75%-80% of Funds
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Recovery Token Issuance: On January 9, 2026, WazirX confirmed the issuance of Recovery Tokens to all eligible users, marking a significant step in its restructuring plan post the 2024 hack, enabling users to potentially reclaim 75%-80% of their locked funds over time.
- Token Allocation Mechanism: The Recovery Tokens were distributed on a pro rata basis, allowing users to view their allocations directly in the WazirX app, ensuring that each user's share reflects their approved claim, which enhances fairness in the recovery process.
- Future Buyback Plans: WazirX will review asset recoveries every three months, and if at least $10 million in unencumbered value is realized, part of that amount will be used to buy back Recovery Tokens, creating additional distribution opportunities for users and boosting their confidence in the platform.
- Legal Support and Structured Recovery: With court backing and approval from over 95% of creditors, WazirX's restructuring plan ensures that user assets are not used to offset platform losses, promoting a more structured claim-based recovery model that enhances user trust in the exchange.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
