Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack

Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining...

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Jul 27, 2024 - 21:04
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Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M CyberattackIndian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform […]