Home
/ Insights
Crypto Newsfeed
Master
reply

WazirX reveals strategic fund management to boost recovery

Treasury boosts restructuring funds: WazirX expanded its restructuring fund from ₹100 crore to ₹250 crore through strategic treasury management. This financial maneuver ensures the platform can recover from a significant ₹2,000 crore hack, covering necessary operational costs and developing a decentralized exchange.

Commitment to creditor recovery: WazirX is prioritizing creditor recovery by allocating 100% of profits to creditors until the ₹250 crore fund is restored. Post-recovery, 50% of profits will continue to support creditors for three years, emphasizing the exchange’s dedication to rebuilding trust in the cryptocurrency community.

This is community-generated content, not advice from ONUS.
1
heart
reply
share
 
send
ONUS
ONUS
Trusted by
4 Million +
Users
Sign up receive 10$
Trending coin
Top gainers
Price Prediction
How to buy
Research