Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
![Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack](https://maybecrypto.com/wp-content/uploads/2024/07/Wazirx-Rolls-Out-Socialized-Loss-Strategy-Across-All-Users-Post-1024x576.jpg)
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform […]
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