🔔 WazirX Introduces Fund Recovery Plan Following $230M Hack !

Indian crypto exchange WazirX announced a socialized loss strategy to address the recent cyberattack that resulted in a $230 million theft, impacting 45% of user funds. WazirX will allow users immediate access to 55% of their assets while locking the remaining 45% in Tether-equivalent tokens, aiming for a fair and swift recovery process.

Am sure this stolen funds are safe in one of the wazarix team members wallet. Because no police investigation, no arrest of CEO. For security issues.