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Coin Edition 2024-07-27 12:11:22

WazirX Unveils Recovery Plan After $230 Million Hack, Offers 55% Immediate Access to Users

WazirX Unveils Recovery Plan After $230 Million Hack, Offers 55% Immediate Access to Users

WazirX, the Indian crypto exchange firm, announced a recovery plan following the recent cyber attack resulting in the theft of approximately $230 million, representing 45% of user funds on the platform. The strategy involves a socialized loss system, aimed at fairly distributing the financial impact among all users. The exchange’s newly introduced “55/45 approach” will The post WazirX Unveils Recovery Plan After $230 Million Hack, Offers 55% Immediate Access to Users appeared first on Coin Edition .

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