Popular cryptocurrency exchange, WazirX brings in new features aiming to make things clearer for its users during its ongoing restructuring. To assist users in tracking their funds and improving security, the platform has launched Claim Tracker and Wallet Migration Update.
What is the Claim Tracker?
Claim Tracker has a Preliminary Creditor List where Users can check their claims. A unique UUID (a special code) is given to each user to see how much their claim is in USD. Personal details are not shared due to privacy reasons. In that case, users can request to see other claims on an inspection process.
WazirX has introduced a “Find My Balance” feature to make things easier. This makes it simple for users to get an instant check of their specific claim amount with no confusion. Claim value is what has been used here to arrange the list, and it is going to make it very easy for users to find what they want.
📢 Preliminary Creditor List & 18th July Page Now Live
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) February 9, 2025
We have published the Preliminary Creditor List and the 18th July Page inside the WazirX app to provide complete transparency in the restructuring process.
» Preliminary Creditor List – Creditors can now check their claim… pic.twitter.com/CXN1wcKFwd
The second new feature is the 18th July Page, which displays token balances and deposits for the users at the time of 1 PM IST on 18th July, 2024. Now, this page is readily accessible in the funds section and the app homepage for users to see their assets readily.
Why is WazirX Migrating Wallets?
WazirX is also migrating its wallet system, apart from claim tracking. It effectively translates the exchange as moving funds from old cold wallets to new ones, more secure ones. The goal is to enhance fund management and security and also make efficiency.
Users can watch what is happening in a fully transparent migration. WazirX said that this process would help the platform strengthen and operations to run more smoothly.
What About Fund Recovery?
Users are happy with these updates, but are yet still waiting for their funds to be recovered. In the previous hack, WazirX lost $234 million, while investors want to know when they will be refunded. If approved, the exchange would speed up the process by working on a Restructuring Scheme.
Until then, WazirX says users should continue to check the app for updated information on their claims and funds.
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