![Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack](https://i0.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/07/cyberattack-768x432.jpg?resize=640%2C360&ssl=1)
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform […]