WazirX Will Refund Users or is a wazirX scam, that affected users will get 85.25% of lost funds, with payouts starting in April 2025.
At least 75% must vote by February 19, or WazirX may have to sell assets at lower prices.
WazirX plans to launch a decentralized exchange and recovery tokens, buying them back over three years.
WazirX Announces Recovery Plan, a WazirX scam?
WazirX has announced a recovery plan for users affected by the $230 million hack that hit the exchange in July 2024. Under this plan, victims will receive 85.25% of their portfolio value as recorded on July 18, with the first round of distributions set for April 2025. The exchange has completed asset rebalancing and credited additional funds from unstolen tokens, increasing the amount users will recover. Users can now track their lost assets in both US dollars and Indian rupees on the platform. The plan aims to compensate users while restoring confidence in the exchange.
Rebalancing Complete!
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