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WazirX Co-founder: The recovery plan voting will be launched today or tomorrow, and plans to lock some of the user's tokens and find a solution to unlock them

2024-07-25 09:13
Odaily News In response to the recent security incident, WazirX co-founder Nischal Shetty said on the X platform: "We are working on the implementation of the vote. We will try to complete and review it today, and then go online today or tomorrow. If the voting results are positive, we will also confirm with the legal department how long the platform will be open and the date it can be opened. Our goal is to start with a portion of the value of everyone's cryptocurrency portfolio as locked tokens, but we will continue to look for solutions to unlock these tokens. We have received some suggestions from the community that will help unlock the tokens: 1. Recover stolen assets over time; 2. Destroy tokens with exchange profits; 3. Create new use cases for tokens; 4. Airdrop when new projects are available. In this process, we need everyone's support." Earlier news, WazirX was hacked and the loss exceeded US$230 million.