WazirX’s $235 Million Hack: How They Plan to Save Your Funds!

Quick Summary:

In response, the company has announced the intention to reorganize crypto balances and to find a white knight to stabilize the plat and provide the necessary amount of money for healing.

During the town hall, the WazirX representatives were unable to give clear answers as to whether there were any legal proceedings against Binance or Liminal, the compromised wallet provider during the hack.

The remaining tokens, expected to be distributed over the next six months, will be elected through a pro-rata method, not fiat money.

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United StatesIndiaSingapore

Topics: Hack News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 12:14:04 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22331062

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News Last Updated: 8 hours ago

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