socialized loss – Miami Crypto Coin

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Wazirx Clarifies Recovery Options, Asset Valuation, and USDT Conversion After Cyberattack

Post author:MiamiCrypto
Post published:July 28, 2024
Post category:asset recovery Crypto crypto exchanges Cryptocurrency cyberattack Exchanges portfolio valuation recovery strategy socialized loss trading options WazirX

Indian cryptocurrency exchange Wazirx has answered important questions from its users about the recent cyberattack. The platform explained its socialized loss strategy and the options users have to recover their…

Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack

Post author:MiamiCrypto
Post published:July 27, 2024
Post category:Crypto crypto exchange Cryptocurrency cyber incident Exchanges fund recovery India indian crypto INR wallet Nischal Shetty socialized loss USDT WazirX

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…