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 […]
Source: https://news.bitcoin.com/wazirx-rolls-out-socialized-loss-strategy-across-all-users-post-230m-cyberattack/
Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
