• WazirX launched a “55/45 strategy” after the cyber assault, reserving 45% of its funds as USDT-equivalent tokens.
• Affected customers could have rapid entry to 55% of their belongings, with the rest being managed via personalized restoration choices.
• The restoration technique will embody an airdrop, with customers having to vote on a ultimate plan by August 3, 2024, after which full operations will resume.

Indian cryptocurrency alternate WazirX has introduced a restoration plan following a latest cyberattack that resulted within the theft of roughly $230 million, or 45% of consumer belongings on the platform. The technique features a social loss system that goals to distribute the financial impression pretty throughout all customers.

The alternate's newly launched “55/45 strategy” will permit customers to immediately entry 55% of affected belongings, with the remaining 45% being transformed into Bitcoin.

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