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

• WazirX launches “55/45 method” post-cyber assault, securing 45% of funds as USDT-equivalent tokens.
• Affected customers entry 55% of belongings instantly, with the remaining managed by tailor-made restoration choices.
• Restoration methods embody airdrops, customers vote on the ultimate plan by August 3, 2024, earlier than full operations resume.

WazirX, the Indian crypto change agency, introduced a restoration plan following the latest cyber assault ensuing within the theft of roughly $230 million, representing 45% of person funds on the platform. The technique includes a socialized loss system, geared toward pretty distributing the monetary affect amongst all customers.

The change’s newly launched “55/45 method” will permit customers speedy entry to 55% of their affected belongings, with the remaining 45% transformed int…

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