$230 million breach: Under fire for the idea of socialising loss, WazirX vows to explore all options - News Summed Up

$230 million breach: Under fire for the idea of socialising loss, WazirX vows to explore all options


(You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelCrypto exchange WazirX is exploring all options to restore its platform following a $230 million security breach. The exchange had previously suggested socializing or distributing the losses as part of its recovery plan but faced significant backlash from customers. "We will roll out other options too as we see fit. Especially the whole exercise of reaching out to various partners and figuring out a way to solve this. Given the magnitude of the theft, please give us more time," WazirX CEO Nischal Shetty said.


Source: Economic Times August 04, 2024 08:17 UTC



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