๐จ Crypto Alert! ๐จ
WazirX, India's largest crypto exchange, is under fire after a massive cyber attack on July 18 led to the theft of over $230M in digital assets. The hack has left 45% of user funds compromised, causing WazirX to halt trading and freeze withdrawals.
To address the crisis, WazirX proposed a "socialized loss strategy," allowing users access to only 55% of their assets while locking the rest in Tether-equivalent tokens. This move has sparked outrage among users, who feel betrayed and demand justice.
What are your thoughts on WazirXโs recovery plan? Share in the comments! ๐ฌ