WazirX has been hacked, and Binance has become the rescuer! Can users' losses be compensated?
The WazirX hacking incident has led to $235 million in cryptocurrency being stolen, sparking heated discussions in the industry about security. Affected users are demanding effective measures, especially after missing the selling opportunity during the bull market.
Notably, the $200 million fund flow between Binance and WazirX has raised speculation about whether the 'Binance Rescue Plan' will materialize. On-chain data shows that WazirX's wallet has received funds from Binance's wallet. Some users speculate that Binance may compensate through equity or tokens. WazirX stated that it is currently undergoing asset rebalancing to ensure cold wallet security and will publicly disclose the details of the cold wallet and tokens after completion.
Zettai Pte (the parent company of WazirX) has also submitted an application to the Singapore court, hoping to provide a fair solution for creditors and promote the platform's restart. However, during the incident, Bitcoin's price fluctuated between $63,000 and $64,000, and it has now surpassed $100,000, leading to even greater losses for WazirX users.
The cryptocurrency market is experiencing frequent fluctuations, and security issues have once again come to the forefront. Follow Mr. Qiu to analyze every wave of changes in the cryptocurrency market!
