WazirX to 'socialize' $230 million security breach loss among customers | TechCrunch
Powered by @unfolded- Indian cryptocurrency exchange WazirX plans to "socialize" the $230 million loss from its recent security breach among all its customers.
- The company will rebalance customer portfolios, returning only 55% of their holdings while locking the remaining 45% in equivalent tokens.
- The breach resulted in the theft of over 200 different cryptocurrencies, with popular tokens like Shiba Inu and Ethereum being targeted.
- WazirX is offering users two options moving forward, with one allowing priority for recovery efforts but restricting withdrawals.