2024

Million

WazirX

Coin

<ul>
 <li><strong>WazirX launches “55/45 approach” post-cyber attack, securing 45% of funds as USDT-equivalent tokens.</strong></li>
 <li><strong>Affected users access 55% of assets immediately, with the remaining managed through tailored recovery options.</strong></li>
 <li><strong>Recovery strategies include airdrops, users vote on the final plan by August 3, 2024, before full operations resume.</strong></li>
</ul>
<p>WazirX, the Indian crypto exchange firm, announced a recovery plan following <a href="https://coinedition.com/wazirx-hacked-over-230-million-in-crypto-stolen-withdrawals-paused/" rel="noopener noreferrer nofollow">the recent cyber attack</a> 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.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">In response to the recent cyber attack 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.<br><br>To manage the… <a href="https://t.co/uOKvxWuEip" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/uOKvxWuEip</a></p>— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) <a href="https://twitter.com/WazirXIndia/status/1817017630877974650?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 27, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The exchange’s newly introduced “55/45 approach” will allow users immediate access to 55% of their affected assets, with the remaining 45% converted int…</p>
<p>The post <a href="https://coinedition.com/wazirx-unveils-recovery-plan-after-230-million-hack-offers-55-immediate-access-to-users/" rel="noopener noreferrer nofollow">WazirX Unveils Recovery Plan After $230 Million Hack, Offers 55% Immediate Access to Users</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

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

Coin Edition

Други статии, публикувани на 27.07.2024 г.

Dan Larimer: Innovator Behind EOS.IO and Clarion

Donald Trump-Inspired Meme Coins Rise in Value

North Korean Hackers Suspected in $235M WazirX Crypto Heist

U.S. senators steal the show at Bitcoin 2024

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

Trump Fuks Kamala Memecoin Will Explode Over 19,000% Before Exchange Listings, As SHIB and Dogeco...

Присъединете се към нашия безплатен бюлетин за ежедневни крипто актуализации!