WazirX, India's largest cryptocurrency exchange, has issued Recovery Tokens (RTs) to eligible users as part of its court-approved restructuring plan following the 2024 hack. Announced on January 9, 2026, the tokens aim to help users reclaim up to 75–80% of their locked funds over time, contingent on future profits and asset recoveries. The RTs were distributed on a pro rata basis, reflecting each user's approved claim size, and are currently non-tradable. The issuance of RTs marks a significant milestone in WazirX's recovery process, which began with the platform's restart in late October 2025. Initially, users received a First Distribution covering about 85% of their claims. The RTs represent the remaining claims and entitle holders to future buybacks if sufficient value is recovered. The exchange will review recoveries every three months, using at least $10 million in unencumbered value to buy back RTs, if available. The recovery plan follows a July 2024 hack that drained over $230 million from WazirX, leading to prolonged legal disputes. A ruling by the Madras High Court in October 2025, supported by the Singapore High Court and 95% of voting creditors, shaped the current claim-based recovery model, ensuring user assets remain protected.