WazirX Announces Restoration of Account Balances After Significant Hack
Friday, 9 August 2024, 03:54
WazirX's Commitment to Restoring User Balances
WazirX has announced plans to restore all account balances for its users, reverting them to what they were on July 18, before a major hacking incident resulted in a loss of $230 million. This commitment is part of the exchange's efforts to maintain user trust and security.
Key Points of the Restoration
- The restoration will affect all users impacted by the hack.
- This initiative aims to alleviate concerns regarding security and fund safety.
- WazirX is taking steps to enhance security measures post-incident.
The exchange's actions signal their ongoing dedication to providing a safe trading environment despite the recent challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.