{"id":134239,"date":"2024-07-27T22:00:47","date_gmt":"2024-07-27T19:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134239"},"modified":"2024-07-27T19:15:01","modified_gmt":"2024-07-27T16:15:01","slug":"wazirx-introduces-recovery-plan-after-230-million-loss","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wazirx-introduces-recovery-plan-after-230-million-loss\/","title":{"rendered":"WazirX Introduces Recovery Plan After $230 Million Loss"},"content":{"rendered":"

In a recent blog post, WazirX detailed its approach to recovering losses on a 55\/45 basis. This method allows users to gain immediate access to 55% of their assets, while the remaining 45% is locked up in Tether (USDT<\/a><\/strong>) equivalent tokens.<\/p>\n

Through this approach, WazirX intends to distribute the impact evenly across all users, ensuring that no one group bears a disproportionate share. This strategy is expected to offer a faster and more adaptive solution than traditional methods.<\/p>\n

WazirX provides users with two different options for managing their remaining assets, each with its own benefits and terms. These options will be communicated to users via the WazirX app or website.<\/p>\n

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In response to the recent cyberattack that led to the theft of $230 million (45% of user funds), we are committed to handling the situation fairly and transparently. We are implementing a socialized loss strategy to distribute the impact equitably among all users.<\/p>\n

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In response to the recent cyberattack that led to the theft of $230 million (45% of user funds), we are committed to handling the situation fairly and transparently. We are implementing a socialized loss strategy to distribute the impact equitably among all users.<\/p>\n

To manage the\u2026 pic.twitter.com\/uOKvxWuEip<\/a><\/p>\n

\u2014 WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 27, 2024<\/a><\/p><\/blockquote>\n