WazirX Crypto Exchange Unveils Recovery Token Plan for Creditors

Quick Summary:

WazirX, a cryptocurrency exchange that was recently hacked for over $230 million, plans to issue a Recovery Token to settle outstanding debts with creditors.

The official announcement said that the token will be airdropped in proportion to creditors on their platform balance, which will offer a tangible route for creditors to recover funds.

WazirX said it will announce more information about the mechanics and details regarding the Recovery Token.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaCroatiaHong KongNorth Korea

Topics: WazirX Hack Wazirx 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:18:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 687 words

Reading Time: 4 minutes read

Sentences: 53 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23448241

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 30 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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