WazirX users affected by the 2024 security breach have now received court-sanctioned Recovery Tokens, a significant step toward reclaiming lost assets. The platform's compensation framework targets a recovery rate of 75-80% for eligible claimants. Here's how it breaks down: the initial distribution covered 85% of outstanding claims, with these new Recovery Tokens addressing the remaining gap. This structured approach represents a meaningful path for users to recover a substantial portion of their frozen funds. The legal backing of this mechanism adds credibility to the recovery efforts, distinguishing it from many typical breach scenarios in the crypto space.
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ColdWalletAnxiety
· 10h ago
ngl, can this recovery token really be redeemed... 75-80% sounds good, but I'm still a bit hesitant
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just_vibin_onchain
· 10h ago
ngl 75-80% recovery rate sounds pretty good, but it still depends on whether these tokens can actually be converted into money in the end...
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MetaMasked
· 10h ago
Nah, 75-80% recovery sounds good, but the real value is only when you actually get it...
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GateUser-1a2ed0b9
· 10h ago
A recovery rate of 75-80% sounds pretty good, but the real question is how much you actually get to keep.
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MEVHunterNoLoss
· 10h ago
A recovery rate of 75-80% sounds good, but I'm more concerned about when these tokens can actually be converted into cash.
WazirX users affected by the 2024 security breach have now received court-sanctioned Recovery Tokens, a significant step toward reclaiming lost assets. The platform's compensation framework targets a recovery rate of 75-80% for eligible claimants. Here's how it breaks down: the initial distribution covered 85% of outstanding claims, with these new Recovery Tokens addressing the remaining gap. This structured approach represents a meaningful path for users to recover a substantial portion of their frozen funds. The legal backing of this mechanism adds credibility to the recovery efforts, distinguishing it from many typical breach scenarios in the crypto space.