WazirX Offers 85% of Stolen User Funds as Rebalancing Ends

CoinDesk (nprofile…nhef)
✍️ WazirX hack victims will receive 85% of their portfolio value as recorded on July 18 as the exchange completes its asset rebalancing.
👉 WazirX hack victims will receive 85% of their portfolio value as recorded on July 18
👉 First round of distributions slated in April
👉 Exchange to launch a decentralized exchange (DEX)
👉 Issue recovery tokens that can be traded
👉 Perform periodic buybacks of recovery tokens using platform profits and new revenue streams over the next three years

#Singapore #technology

quoting nevent1q…8vvn

CoinDesk (nprofile…nhef)

Fund distribution will begin if creditors approve the plan, bringing partial money recovery for victims of the $230 million hack that hit the Indian crypto exchange in July.
https://www.coindesk.com/markets/2025/02/11/wazirx-offers-85-of-stolen-user-funds-as-rebalancing-ends