WazirX has completed the redistribution of assets and offered victims of the July hacker attack to return 85 percent of the value of their portfolios as of July 18. Creditors must approve the plan by February 19 to avoid the liquidation of assets at reduced prices. If approved, payments will begin in April and will include both exchange tokens and a plan for periodic buybacks using the exchange's profits. If the scheme is not approved, assets will be sold off, and creditors will receive less compensation.
2/13/2025 8:24:41 AM (GMT+1)
WazirX has offered victims of the July hacker attack to return 85 percent of the value of assets if creditors approve the redistribution plan by February 19, 2025
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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