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ONNI🎩
@onni
Indian crypto exchange WazirX charts recovery path after $235M cyberattack WazirX, hit by a $235 million cyberattack in July 2024 linked to North Korea’s Lazarus Group, announced a restructuring plan under Singapore’s Scheme of Arrangement to compensate users. With $566.38 million in liquid assets surpassing $546.47 million in claims, the exchange will issue recovery tokens and initiate token distributions, aiming to return 75%-80% of affected balances. Founder Nischal Shetty emphasized restoring trust and creating value beyond losses. Recovery tokens tied to platform profits and a new DEX will address remaining claims. Rival CoinSwitch launched a $69.9 million recovery fund and is pursuing legal claims against WazirX for $1.44 million.
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Ayda(🎩🔵💎🐹)
@ayta86
Great 👍🏻 200 $DEGEN
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