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WazirX Customers Face Major Losses After $230M Heist

  • WazirX customers unlikely to recover full funds after $234 million hack in July, says legal adviser.
  • At least 43% of customer funds are unlikely to be recovered, with best case scenario being a return of 55% to 57%.
  • WazirX seeks six months' protection from Singapore High Court while restructuring liabilities.
  • Company in talks to share profit from revenue-generating products but no concrete details provided.
  • Pressure mounts as CoinSwitch initiates legal action to recover $9.7 million worth of assets stuck on WazirX's platform.

Source: Techcrunch

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3mo ago
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