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February 11, 2025

WazirX Reimburses 85% of Stolen Funds as Recovery Process Begins

WazirX has announced it will distribute 85% of the stolen user funds following a significant $230 million hack that rattled the Indian crypto exchange last July. This recovery plan hinges on creditor approval, marking a crucial step toward restitution for the affected users. As the rebalancing concludes, stakeholders can look forward to receiving partial reimbursements for their losses. The exchange’s commitment to restoring user confidence is evident as it navigates through this turbulent phase. The plan’s approval will signal a pivotal move for WazirX in its recovery efforts and can enhance its credibility in the crypto market.

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