WazirX Unveils $230 Million Hack Restoration Plan, Provides 55% Instantaneous Entry to Customers

• WazirX launches '55/45 method' after cyber assault, securing 45% of funds as USDT-equivalent tokens.
• Affected customers have quick entry to 55% of property, with the rest managed by personalized restoration choices.
• Restoration methods embody airdrops, with customers voting on a closing plan till August 3, 2024, earlier than full operations are restored.

WazirX, an Indian crypto trade, has introduced a restoration plan following a latest cyber assault that led to the theft of roughly $230 million, representing 45% of consumer funds on the platform. The technique features a socialized loss system that goals to distribute the monetary impression pretty amongst all customers.

The trade's newly launched “55/45 Entry” will permit customers to instantly entry 55% of their affected property, with the remaining 45% transferred to…

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